2024 Social Security Max Withholding Limit. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an increase of $8,400). The 2024 limit is $168,600, up from $160,200 in 2023.

The tax rate for social security is 6.2% (amount withheld) each for the employer and employee (12.4% total). The maximum social security employer contribution will.