Social Security Tax Limit 2024 Amount 2024. The maximum benefit amount, however, is more than double that. The estimated average social security benefit for retired workers in 2024 is $1,907 per month.
The oasdi tax rate for wages paid in 2025 is set by statute at 6.2 percent for employees and employers, each. 11 rows if you are working, there is a limit on the amount of your earnings that is taxable by social security.