What Is Max Social Security Withholding 2024. The maximum taxable earnings limit is $168,600 in 2024, meaning any income above that amount is not subject to taxation by the social security program. The maximum benefit amount, however, is more than double that.
So, you’re looking at a potential $7,500 increase in the taxable wage base from this year to next. The law requires employers to withhold a certain percentage of an employee’s wages to help fund social security and medicare.