Maximum Social Security Tax In 2024. In 2024, employees are required to pay a 6.2% social security tax (with their employer matching that payment) on income up to $168,600, up from $160,200 in 2023, up from $147,000 in 2022, and up from $142,800 in 2021. The social security tax limit is the maximum wage due to the social security tax.

2024 social security tax limit increase. That is significantly less than the $13,200 increase from 2022 to 2023, the largest.