Maximum Social Security Tax 2024. Fast facts & figures about social security, 2024. It’s $4,873 per month if retiring at 70 and $2,710 for retirement at 62.
We raise this amount yearly to keep pace with increases in average wages. 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).