Social Security Tax Limit 2024 Withholding 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). Individuals with multiple income sources.

Learn how to request federal tax withholding from your social security benefit payment when you apply or change your amount. The social security wage cap will be increased from the 2023 limit of $160,200 to the new 2024 limit of $168,600.