Social Security Tax Rate 2024 Limit. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600. Workers earning less than this limit pay a 6.2% tax on their earnings.

So, if you earned more than $160,200 this last year, you didn’t have. We raise this amount yearly to keep pace with increases in average wages.