Jenny Lorinda

Social Security Limit 2024 Withholding Calculator. The federal government sets a limit on how much of your income is subject to the social security tax. Check the applicable social security wage base limit (for example, it is $160,200 for tax year 2023).

This amount is known as the “maximum taxable earnings” and changes each. But beyond that point, you’ll have $1 in benefits withheld per $2 of earnings.