Social Security Maximum Taxable Earnings 2024au. Approximately 6% of workers will surpass this. Meanwhile, earnings above this maximum taxable earnings cap of $168,600 are exempted from the payroll tax.

When you calculate how much of your social security benefit is taxable, use the $2,000/month number and multiply that by the number of months to get the annual. The 12.4% payroll tax on earned income.