Social Security 2024 Tax Limit Increase. Social security tax limit (wage base) for 2024. 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 $9932.40 this.

Earnings above that level are not taxed for the. For earnings in 2024, this base is $168,600.