Social Security Limit 2024 Withholding Limit
Social Security Limit 2024 Withholding Limit. In 2023, the limit was $160,200. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total.
In 2023, the limit was $160,200. If you will reach fra in 2024, social security withholds $1 in benefits for every $3 in earnings above $59,520 (up from $56,520 in 2023) until the month when you.