Social Security Max 2024 Deduction Chart. In 2023, the limit was $160,200. Every year, roughly 6 percent of covered workers have earnings above the taxable maximum.

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. The same annual limit also applies when those earnings are used in a benefit computation.