Social Security Max 2024 Withholding. Social security tax limit jumps 5.2% for 2024. Max social security tax 2024 withholding table reyna clemmie, 6.2% social security tax on the first $168,600 of wages (6.2% x $168,600 makes the maximum tax $10,453.20),.
Millionaires are set to hit that threshold in march and won’t. For tax year 2021, once an employee earns $142,800 from an employer, social security taxes are no longer withheld.