Social Security Max 2024 Contribution Increase. 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). From monthly benefits for retirees to payroll taxation on select workers, big changes are in the works for social security next year.

The maximum employee share of the social security tax contribution will increase from $9,932.40 to $10,453.20 in 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).