Social Security Limit 2024 Withholding Limit. In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600.
The law requires employers to withhold a certain percentage of an employee’s wages to help fund social security and medicare. Here are the 2024 irs limits.