What Is The Maximum Social Security Tax 2024. We raise this amount yearly to keep pace with increases in average wages. We raise this amount yearly to keep pace with increases in average wages.

The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an increase of $8,400). This amount is known as the “maximum taxable earnings” and changes each.