Social Security Wage Limit 2024 Base. The social security administration (ssa) has announced that the maximum earnings subject to the social security payroll tax will increase by $8,400 in 2024. There's a wage base limit for social security.

The rate of social security tax on taxable wages, including qualified sick leave wages and qualified family leave wages paid in 2023 for leave taken after march. The wage base or earnings limit for the 6.2% social security tax rises every year.