2024 Social Security Tax Limit. If your social security income is taxable depends on your income from other sources. 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.

For higher incomes, the reduction still applies, but the wage base limit is subject to. Up to 50% of your social security benefits are taxable if: