Pammi Barbette

Social Security Max Withholding 2024. So, you’re looking at a potential $7,500 increase in the taxable wage base from this year to next. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total.

So, if you earned more than $160,200 this last year, you. The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax.