Social Security Max 2024 Income And. Social security benefits will increase by 2.5% beginning in 2025. Unlike the tax rate which has been at 6.2% for employees since 1990, the tax limit, also known as the taxable maximum, changes every year.

The federal government sets a limit on how much of your income is subject to the social security tax. 5.8 million people were newly awarded social security benefits in 2023.