Social Security Max 2024 Withholding 2024. Of course, both employers and employees pay the 6.2% social security tax rate, which means there could be a max payment next year of: The 2024 limit is $168,600, up from $160,200 in 2023.
Workers earning less than this limit pay a 6.2% tax on their earnings. The maximum social security benefit for a worker retiring at full retirement age will increase to $3,822 per month in 2024 from $3,627 in 2023.
Social Security Max 2024 Withholding 2024 Images References :