2024 Social Security Maximum Withholding Limit

2024 Social Security Maximum Withholding Limit. So, if you earned more than $160,200 this last year, you didn't have to pay the social security. We call this annual limit the contribution and benefit base.

We raise this amount yearly to keep pace with increases in average wages. That means that the maximum amount of social security tax an employee will pay (through withholding from their.