Income Cap For Social Security 2024. 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). The social security cap, or the maximum annual earnings subject to social security taxes and considered in calculating benefits, increased to $168,600 for 2024.

The maximum amount of earnings subject to the social security tax (taxable maximum) will. The limit on annual earnings subject to social security taxes is referred to as the taxable maximum or the social security tax cap.