Social Security 2024 Max Withholding Meaning
Social Security 2024 Max Withholding Meaning. For 2024, the social security tax limit is $168,600, and it will increase to. If you are working, there is a limit on the amount of your earnings that is taxable by social security.
In 2024, the social security tax rate is 6.2% for employers and employees,. This amount is known as the “maximum taxable earnings” and changes each year.