Social Security Tax Limit 2024 Rate. The maximum amount of earnings subject to social security tax (taxable maximum) will increase to $168,600 from $160,200. So, if you earned more than $160,200 this last year, you didn't have to pay the social security.

Workers earning less than this limit pay a 6.2% tax on their earnings. Given these factors, the maximum amount an employee and employer would have to pay.