What Is The Max Social Security Tax For 2024. The initial benefit amounts shown in the table below assume retirement in january of the stated. The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each.
The absolute maximum social security benefit in 2024 is $4,873 monthly, more than double the estimated average of $1,907 retirees receive across the nation as. In 2024, the social security tax limit rises to $168,600.