2024 Social Security Tax Limit Cap

2024 Social Security Tax Limit Cap. However, the trustees estimate the taxable maximum will be $174,900 next year. The limit on annual earnings subject to social security taxes is referred to as the taxable maximum or the social security tax cap.

If you make more than that from work, the excess won’t be subject to fica, the federal. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an increase of $8,400).