Social Security Limit 2024 Tax Brackets

Social Security Limit 2024 Tax Brackets. The wage base or earnings limit for the 6.2% social security tax rises every year. That means the maximum social security tax per worker will be rising by $1041.60 to $20,906.40, with $10,453.20 of that taken directly out of an employee’s paycheck, up from.

If your social security income is taxable depends on your income from other sources. We call this annual limit the contribution and benefit base.