Social Security Max 2024 Wages. 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). In 2024, you can earn up to $22,320 without having your social security benefits withheld.

But retirees who receive the maximum social security payout will see much higher earnings, with their monthly checks jumping to $4,873 in 2024, according to the agency. The wage base or earnings limit for the 6.2% social security tax rises every year.