Social Security Max 2024 Contribution

Social Security Max 2024 Contribution. The social security tax limit refers to the maximum amount of earnings that are subject to social security tax. How much your receive depends on several factors, including the age when you retire.

Thus, an individual with wages equal to or larger than $168,600 would contribute $10,453.20 to the oasdi program in 2024, and his or her employer would contribute the same amount. The maximum amount of social security tax an employee will have withheld from their paycheck in 2024 is $10,453.20 ($168,600 x 6.2%).