Social Security Limit 2024 Withholding Limit. Qualified pension plan limits for 2023 and 2024; The social security wage cap will be increased from the 2023 limit of $160,200 to the new 2024 limit of $168,600.

You can have 7, 10, 12 or 22 percent of your monthly benefit withheld for taxes. We’re talking about a 6.2% tax rate that bosses need to withhold from employee wages until you hit the social security wage base limit.