Social Security Tax Limit In 2024

Social Security Tax Limit In 2024. For 2024, the social security tax limit is $168,600, and it will increase to $176,100 in. The social security tax limit is the maximum wage due to the social security tax.

(last year, the tax limit was $160,200. To fund social security, employers and employees each pay a payroll tax of 6.2% (for a combined 12.4%) of an employee’s annual.