Social Security Withholding 2024 Maximum Amount. The social security administration (ssa) recently announced that, for 2024, the maximum amount of earnings subject to the social security tax — also known as the. If you are already receiving benefits or if you want to change or stop your.

The established recovery rate is the maximum amount that we will withhold from the underpayment for the current calendar month. So, if you earned more than $160,200 this last year, you didn’t have to pay the social security.