Social Security Tax Wage Limit 2024 Lexus. If you are working, there is a limit on the amount of your earnings that is taxed by social security. The maximum earnings that are taxed have changed through the years as shown in the.

That took the average monthly benefit of $1,848 at the end of 2023 up to $1,907 at the start of 2024. The social security tax limit is set each year.