Max Social Security Withholding 2024 Amount. Listed below are the maximum taxable earnings for social security by year from 1937 to the present. You can have 7, 10, 12 or 22 percent of your monthly benefit withheld for taxes.

For 2024, the fica tax rate for employers will be 7.65% — 6.2% for social security and 1.45% for medicare. For tax year 2021, once an employee earns $142,800 from an employer, social.