Irs Social Security Tax Limit 2024. For 2024, the social security tax limit is $168,600. The maximum amount of earnings that are subject to the social security tax will increase from $160,200 in 2023 to $168,600 in 2024.

The irs has announced an increase in the contribution limit for 401 (k) plans to $23,000, up from. The maximum earnings subject to the social security payroll tax will increase by nearly 9%, the social security administration announced.