Social Security Max 2024 Withholding Limit. What is the maximum possible social security benefit in 2024? To fund social security, employers and employees each pay a payroll tax of 6.2% (for a combined 12.4%) of an employee’s annual.

For 2024, the social security tax limit is $168,600, and it will increase to $176,100 in. The social security wage base is the maximum gross earnings subject to social security tax that can be imposed on an employee.