2024 Social Security Max Withholding Rate. We raise this amount yearly to keep pace with increases in average wages. (for 2023, the tax limit was $160,200.

The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an increase of $8,400). The maximum social security employer contribution will.