Social Security Limit 2024 Withholding Limit

Social Security Limit 2024 Withholding Limit. The social security tax limit is set each year. Of course, both employers and employees pay the 6.2% social security tax rate, which means there could be a max payment next year of:

The maximum social security contribution in 2024 is $10,453.20 ($168,600 x 0.062). We raise this amount yearly to keep pace with increases in average wages.