Social Security Taxable Income Limit 2024

Social Security Taxable Income Limit 2024. The oasdi tax rate for wages paid in 2025 is set by statute at 6.2 percent for employees and employers, each. In 1977, congress raised the taxable maximum to a level that covered 90% of total national earnings.

But that limit is rising in 2024, which means seniors who are working and collecting social. Workers earning less than this limit pay a 6.2% tax on their earnings.