Social Security Limit 2024 Salary. In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600. (the sga amount increases a bit each year due to federal regulations.
The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. Social security 2024 wage limit alie lucila, the social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase.