Max Social Security Tax Withholding 2024. Only these percentages can be withheld. The social security administration recently announced that the wage base for computing social security tax will increase to $168,600 for 2024 (up from $160,200 for 2023).
How retirement income is taxed by the irs; As a result, the maximum social security tax possible jumps from $9,114 to $9,932.