Social Security Tax Limit 2024 Withholding 2024. The social security administration (ssa) recently announced that, for 2024, the maximum amount of earnings subject to the social security tax โ also known as the social. When you complete the form, you will need to select the percentage of your monthly benefit amount you want withheld.
The 2024 limit is $168,600, up from $160,200 in 2023. Social security and medicare tax for 2024.