Social Security Tax Rate 2024 Limit. The budget 2024 announced a rs.25,000 hike in the standard. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600.

As your total income goes up, you’ll pay federal income tax on a portion of the benefits while the. [3] there is an additional 0.9% surtax on top of the.