Did Social Security Tax Increase 2024. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the. That means some workers will owe social security tax on an additional $8,400 in income next year.

The maximum amount of earnings subject to social security payroll taxes. 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).