2024 Maximum Social Security Wages. The social security wage base — the amount of. The social security wage base will rise in 2024 to $168,600, a 5.2% increase from its 2023 wage base of $160,200.

The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each. 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).