Social Security 2024 Max Withholding Tax. That means that the maximum amount of social security tax an employee will pay. Unlike the tax rate which has been at 6.2% for employees since 1990, the tax limit, also known as the taxable maximum, changes every year.
Nearly 3 million people could receive a boost in social security payments under legislation set for a final senate vote in the coming days. The social security wage base for 2023 is $160,200, and $168,600 in 2024.