Social Security Tax Limit 2024 Withholding Calculator. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an. The federal government increased the limit for social security tax to $168,600 (up from $160,200 in 2023).
To use the numbers shown in the calculator example โ married filing jointly, $30,000 social security benefits, $30,000 interest, dividend, and ira withdrawals, $3,000. Workers earning less than this limit pay a 6.2% tax on their earnings.
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