Social Security Limit 2024 Salary Increase 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. We call this annual limit the contribution and benefit base.

The wage base or earnings limit for the 6.2% social security tax rises every year. The 2024 limit is $168,600, up from $160,200 in 2023.