Social Security Benefit Tax Limit 2024. 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 increase of $8,400). Whenever you have an income change, it can be a good time to evaluate taxes.

* your adjusted gross income. So, if you earned more than $160,200 this last year, you didn’t have to pay the social security.