Social Security Tax Limit 2024 Amount Limit. New tax regime (budget 2024) employee’s contribution. In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600.
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. Workers earning less than this limit pay a 6.2% tax on their earnings.