Social Security Withholding Limit For 2024. The maximum earnings subject to the social security payroll tax will increase by nearly 9%, the social security administration announced. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600.
Workers earning less than this limit pay a 6.2% tax on their earnings. The most you will have to pay in social security taxes for 2024 will be $10,453.