Social Security Contribution Limit 2021

Social Security Contribution Limit 2021. Social security maximum taxable earnings. 6.2% social security tax on the first $142,800 of wages (maximum tax is $8,853.60 [6.2% of $142,800]), plus.

The social security tax limit refers to the maximum amount of earnings that are subject to social security tax. If you have a traditional job, you pay 6.2% of your salary per year in social security taxes, but there’s a limit on how much you owe.