Social Security Max 2024 Withholding Calculator. The maximum amount of social security tax an employee will have withheld from their paycheck in 2024 will be $10,4523 ($168,600 x 6.2%) and $9,932 ($160,200 x 6.2%) in year 2023. Fica is a payroll tax, and it's short for the federal insurance contributions act.
For security, the quick calculator does not access your earnings record; Did you know that about 40% of social security recipients pay.