2024 Max Social Security Tax Withholding Tax. The social security administration recently announced that the wage base for computing social security tax will increase to $168,600 for 2024 (up from $160,200. The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax.

You aren’t required to pay the social security tax on any income beyond the social security wage base limit. The social security administration recently announced that the wage base for computing social security tax will increase to $168,600 for 2024 (up from $160,200.