Social Security 2024 Limit Tax. 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). In 2024, that limit increases to $168,600.

The maximum taxable earnings limit is $168,600 in 2024, but that figure will rise to $176,100 in 2025 to account for increases in the average wage. Individual taxable earnings of up to $168,600 annually will be subject to social security tax in 2024, the social security administration (ssa) announced thursday.