Social Security Limit 2024 Withholding Tax

Social Security Limit 2024 Withholding Tax. You file a federal tax return as an individual and your combined income is between $25,000 and $34,000. A new report by the social security administration’s office of the inspector general found that social security made nearly $72 billion in improper payments, most of which were overpayments.

In 2024, the social security tax limit rises to $168,600. You must pay medicare tax on all your earnings.