2024 Social Security Wage Limit Increase. The maximum social security employer contribution will increase by. The wage base or earnings limit for the 6.2% social security tax rises every year.

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). That’s an increase of $8,400 from this year’s $160,200 in earnings, known as the social security wage base, that are subject to that retirement portion of the federal insurance contributions.