Torie Alameda

Social Security Limit 2024 Withholding Limit. The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total.

The social security tax limit refers to the maximum amount of earnings that are subject to social security tax. How retirement income is taxed by the irs;