Social Security Limit 2024 Salary Table. Wealthier taxpayers will have more social security tax taken from their paychecks this year due to a wage base increase. It’s $4,873 per month if retiring at 70 and $2,710 for retirement at 62.

Workers earning less than this limit pay a 6.2% tax on their earnings. The wage base limit is the maximum wage that’s subject to the tax for that year.