Social Security Max 2024 Contribution. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600. So, you’re looking at a potential $7,500 increase in the taxable wage base from this year to next.

We raise this amount yearly to keep pace with increases in average wages. The wage base or earnings limit for the 6.2% social security tax rises every year.