Social Security Max 2024 Tax Rate. The wage base or earnings limit for the 6.2% social security tax rises every year. For earnings in 2024, this base is $168,600.
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. We raise this amount yearly to keep pace with increases in average wages.