Social Security Cap For 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 maximum benefit for a worker who claims social security at full retirement age (fra) in 2024 will be $3,822 a month, up from $3,627 in 2023.

The most you will have to pay in social security taxes for 2024 will be $10,453. The 2024 social security cap represents a $8,400 increase over 2023.