What Is The 2024 Social Security Tax Limit Increase. For earnings in 2024, this base is $168,600. The ssa also said today that the maximum amount of earnings subject to social security tax (also known as the wage base) will rise to $168,600, up 5.2% from.

(the 2024 tax limit is $168,600.) this 4.4% increase is less than the 5.2% jump. Maximum amount of earnings subject to social security tax, known as the taxable maximum, will increase to $176,100.