Social Security Max 2024 Wages. In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600. The maximum amount of social security tax an employee will have withheld from their paycheck in 2024 is $10,453.20 ($168,600 x 6.2%).

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. In 2024, the social security tax limit rises to $168,600.