Social Security Tax Wage Limit 2024 Olympics. If you are working, there is a limit on the amount of your earnings that is taxed by social security. 6.2% social security tax on the first $168,600 of wages (6.2% x $168,600 makes the maximum tax $10,453.20), plus.

The internal revenue service has announced an increase in the social security wage base to $168,600, up from $160,000. So, if you earned more than $160,200 this last year, you didn’t have to pay the social security.