Social Security Limit 2024 Withholding Table

Social Security Limit 2024 Withholding Table. The annual limit is $168,600 in 2024. The social security tax limit is set each year.

The social security wage cap will be increased from the 2023 limit of $160,200 to the new 2024 limit of $168,600. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total.