Social Security Tax Limit 2024 Withholding. The 2024 social security wage base is $168,600, up from the 2023 limit of $160,200. The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each.
So, if you earned more than $160,200 this last year, you didn’t have to pay the social security. The maximum amount of income that’s subject to the social security tax is $168,600 in 2024.