Social Security Earnings Cap For 2024. Refer to what's new in publication 15 for the current wage limit for social security wages. Employers and workers each pay 6.2% of their wages to a taxable maximum of $160,200 (2023) and $168,600 (2024);
Snapshot of the world’s top companies. In 2024, people who reach full retirement age (fra) — the age at which you qualify for 100 percent of the benefit calculated from your earnings record — can earn.