Maximum Social Security Withholding 2024. If you earned more than the maximum in any year, whether in one job or more than. The social security wage cap is $168,600 in 2024, up from $160,200 in 2023.

401 (k) and ira contribution limits have increased to $23,000. 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).