Social Security Tax Limit 2024 Withholding Nothing

Social Security Tax Limit 2024 Withholding Nothing. (last year, the tax limit was $160,200. It's important to plan if you know some of your social security benefits will be taxed.

The limit on annual earnings subject to social security taxes is referred to as the taxable maximum or the social security tax cap. People under full retirement age can earn up to $22,320 in 2024 (rising to $23,400 in 2025) while on social security without penalty.