Social Security Tax Maximum 2024. The maximum social security tax you’ll pay in 2024 is $10,453.20, calculated as 6.2% of the $168,600 wage base 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 in 2024 (an.
But retirees who receive the maximum social security payout will see much higher earnings, with their monthly checks jumping to $4,873 in 2024, according to the agency. 66% taxpayers opted for new regime for itr filing during current season, says cbdt chairman