Max Taxable Social Security Wages 2024

Max Taxable Social Security Wages 2024. The wage base or earnings limit for the 6.2% social security tax rises every year. In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600.

Of course, both employers and employees pay the 6.2% social security tax rate,. So, you’re looking at a potential $7,500 increase in the taxable wage base from this year to next.