Max Social Security Tax 2024 Withholding Calculator

Max Social Security Tax 2024 Withholding Calculator. The wage base limit is the maximum wage that's subject to the tax for that year. So, for people making over $160,200 in 2023, they will be paying $818 more in.

However, the 6.2% that you pay only applies to income up to the social security tax cap, which for 2023 is $160,200 ($168,600 for 2024). Calculate the estimated payroll taxes due on wages for both employees and employers.