Social Security 2024 Earnings Limit. The maximum amount of earnings subject to the social security tax (taxable maximum) will increase to $168,600. The wage limit is the highest income subject to social security taxes.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. People in their 20s and 30s have plenty of time to plan for that possibility, lester says.