Max Taxable Social Security Wages 2024 Calendar. If you are working, there is a limit on the amount of your earnings that is taxed by social security. Specifically, the government collects a 12.4% tax on wages to pay for retirement benefits.
The rate of social security tax on taxable wages, including qualified sick leave wages and qualified family leave wages paid in 2023 for leave taken after march. Only the social security tax has a wage base limit.