Social Security Limit 2024 Withholding Rate

Social Security Limit 2024 Withholding Rate. Social security and medicare tax for 2024. The 2024 limit is $168,600, up from $160,200 in 2023.

In 2024, the maximum federal benefit rate is $943 for an individual and $1,415 for a couple, plus any applicable state supplementation. The federal government sets a limit on how much of your income is subject to the social security tax.