The Social Security taxable maximum is adjusted each year to keep up with changes in average wages. The 2023 tax limit is $13,200 more ($160,200) than the 2022 taxable maximum of $147,000 and $53,400 higher than the 2010 limit of $106,800. The taxable maximum was just $76,200 in 2000 and $51,300 in 1990.