Social Security Tax Wage Limit 2024 Table. In 2024, the social security tax known as fica “is assessed against all wages up to a maximum of $168,600,” nancy altman, president of social security works, told. The maximum amount of social security tax an employee will have withheld from their.

The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax. You’ll need to provide documentation of a covered illness or injury.