Social Security Tax Limit 2024 Toyota. If you are working, there is a limit on the amount of your earnings that is taxed by social security. This amount is also commonly referred to as the taxable maximum.
Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. The maximum earnings subject to the social security payroll tax will increase by nearly 9%, the social security administration announced.