Social Security Max Payment 2024. We call this annual limit the contribution and benefit base. Social security payments for people who've received social security since before may 1997.
The maximum amount of social security tax an employee will have withheld from their paycheck in 2024 is $10,453.20 ($168,600 x 6.2%). People whose earnings equaled or exceeded social security’s maximum taxable income — the amount of your earnings on which you pay social security taxes.