Ocial Security Limit 2024 Withholding. The 2024 limit is $168,600, up from $160,200 in 2023. The social security tax limit refers to the maximum amount of earnings that are subject to social security tax.

The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The social security wage cap is $168,600 in 2024, up from $160,200 in 2023.