2024 Social Security Tax Limit . For 2024, the social security tax limit is $168,600. 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).
The limit for 2023 and 2024 is $25,000 if you are a single filer, head of household or qualifying widow or widower with a dependent child. The federal government sets a limit on how much of your income is subject to the social security tax.
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