Social Security Limit 2024 Withholding. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600. So, if you earned more than $160,200 this last year, you didn't have to.
The social security tax limit refers to the maximum amount of earnings that are subject to social security tax. You can have 7, 10, 12 or 22 percent of your monthly benefit withheld for taxes.