What Is The Max Social Security Payment 2024 In India. The wage base or earnings limit for the 6.2% social security tax rises every year. There's a maximum amount that counts toward social security every year called the contribution and benefit base. the ssa adjusts the amount for inflation every year.
Workers contribute payroll taxes to social security up to what is known as a taxable maximum. In 2023, the maximum aime is $9,628, but in 2024, it will be $9,990.