Social Security Tax Limit 2024 Increase. (for 2023, the tax limit was $160,200. You file a federal tax return as an individual and your combined income is between $25,000 and $34,000.
โ 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 of $8,400). โ as per the social security tax limit for 2024, employees and employers pay a social security tax rate of 6.2% of employee compensation each year, for a total of.