Social Security Max 2024 Withholding Rate. You file a federal tax return as an individual and your combined income is between $25,000 and $34,000. If you are working, there is a limit on the amount of your earnings that is taxed by social security.

The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total.