Social Security Limit 2024 Tax Bracket. 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 increase of $8,400). The 2024 limit is $168,600, up from $160,200 in 2023.

For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023). A portion of social security benefits are subject to federal taxation and they can affect your tax bracket as part of ordinary income.