Social Security Max 2024 Tax Withholding. 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). If you are already receiving benefits or if you want to change or stop your.

Of course, both employers and employees pay the 6.2% social security tax rate, which means there could be a max payment next year of: Workers earning less than this limit pay a 6.2% tax on their earnings.