Social Security Tax Wage Limit 2024au. The social security wage base will rise in 2024 to $168,600, a 5.2% increase from its 2023 wage base of $160,200. This amount is known as the “maximum taxable earnings” and changes each year.

 — what is the social security tax max for 2024? The social security tax rate for both employees and employers is 6.2% of each employee’s compensation, which actually amounts to a total of 12.4%.