Social Security Max 2024 Tax Return. Learn how your income affects whether you owe taxes on your social security benefits and how much. 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).
Learn how the tax rate, the cola increase, and the exemptions affect your paycheck. The answer depends on your gross income.