Social Security 2024 Maximum. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. So, workers with income that exceeded the taxable maximum in both years will owe an additional $465 in social security taxes next year.

$3,822 for workers retiring at fra in 2024 note: There is no maximum earnings amount for medicare tax.