Max Social Security Tax 2024 Withholding Tax Rate.  — that means that the maximum amount of social security tax an employee will pay (through withholding from their paychecks) in 2024 is $10,453.20 ($168,600 x 6.2%). (for 2023, the tax limit was $160,200.

For 2024, the social security tax limit.  — the rate of social security tax on taxable wages, including qualified sick leave wages and qualified family leave wages paid in 2023 for leave taken after march.