Social Security Tax Limit 2024. The maximum earnings subject to the social security payroll tax will increase by nearly 9%, the social security administration announced. 11 rows if you are working, there is a limit on the amount of your earnings that is taxed by social security.
Workers earning less than this limit pay a 6.2% tax on their earnings. The maximum earnings subject to the social security payroll tax will increase by nearly 9%, the social security administration announced.