2024 Social Security Max Tax Refund. 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, the oasdi tax rate is 6.2% for employees.
For 2024, the income cap for social security tax is $168,600, with the maximum tax withholding per employee set at $10,453.20, an increase from $9,932.40. You file a federal tax return as an individual and your combined income is between $25,000 and $34,000.
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