2024 Max Social Security Tax. The maximum earnings subject to the social security payroll tax will increase by nearly 9%, the social security administration announced. According to the social security administration, up to 50% of one's social security benefits can be taxed if total income is between $25,000 and $34,000.
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. The resulting maximum social security tax for 2024 is $10,453.20.