Social Security Withholding 2024 Limited. That means that the maximum amount of social security tax an employee will pay (through. For 2024, the social security tax limit is $168,600.
The maximum social security benefit for a worker retiring at full retirement age will increase to $3,822 per month in 2024 from $3,627 in 2023. If you claim exemption from withholding, your employer wonโt withhold federal income tax from your wages.
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