Social Security Limit 2024 Withholding Tax

Social Security Limit 2024 Withholding Tax. There's a limit, or tax cap, on the amount of earned income that's subject to taxation. The maximum amount of income that's subject to the social security tax is $168,600 in 2024.

Here’s what that could mean for retirees and workers. So, you’re looking at a potential $7,500 increase in the taxable wage base from this year to next.