Social Security Tax Limit 2024 Withholding. Thus, an individual with wages equal to or larger than $168,600 would contribute $10,453.20 to the oasdi program in 2024, and his or her employer would contribute the same amount. For earnings in 2024, this base is $168,600.

Only these percentages can be withheld. That means that the maximum amount of social security tax an employee will pay (through withholding from their.