Toby Silvie

2024 Social Security Tax Limit Increase. As its name suggests, the social security tax goes to the social security program. The maximum social security benefit for a worker retiring at full retirement age will increase to $3,822 per month in 2024 from $3,627 in 2023.

For 2024, that maximum is set at $168,600,. The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each.