Social Security Limit 2024 Taxonomie. The 2025 limit is $176,100, up from $168,600 in 2024. To fund social security, employers and employees each pay a payroll tax of 6.2% (for a combined 12.4%) of an employee’s annual earnings up to a certain level, known as the taxable.

Projections show the social security fund will run out of money in 2038 and, if no action is taken before then, beneficiaries would. For 2024, the social security tax limit is $168,600, and it will increase to.