Social Security Max 2024 Withholding Calculator. However, the 6.2% that you pay only applies to income up to the social security tax cap, which for 2023 is $160,200 ($168,600 for 2024). The maximum social security benefit changes each year.
So, if you earned more than $160,200 this last year, you didn’t have to pay the. To avoid surprises, you can request that federal income taxes be withheld from your monthly payments.