Social Security Max Income Allowed 2024 Maximum Income. The wage base or earnings limit for the 6.2% social security tax rises every year. 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.

For every $2 you earn above this limit, your benefits will be reduced by $1. Checks will be paid out.