Social Security Tax Wage Limit 2024 Olympics. 1, 2023, the maximum earnings subject to the social security payroll tax will increase by nearly 9 percent to $160,200—up from the. The maximum amount of social security tax an employee will have withheld from.

The wage base or earnings limit for the 6.2% social security tax rises every year. The taxable wage base estimate has been released, providing you with key.