Social Security Tax Limit 2024 Withholding Chart

Social Security Tax Limit 2024 Withholding Chart. The social security wage base limit is. You aren’t required to pay the social security tax on any income beyond the social security wage base limit.

This amount is also commonly referred to as the taxable maximum. For 2024, the social security tax rate is 6.2% (amount withheld) each for the employer and employee (12.4% total).