Maximum Social Security Payment 2024. The maximum amount of social security tax an employee will have withheld from their paycheck in 2024 is $10,453.20. But in 2024, they'll pay taxes on up to $168,600 in earnings.
The maximum social security benefit in 2024 will climb to $4,873 The maximum social security benefits for those retiring at full retirement age (67 years) have also increased.
For example, if you retire at full retirement age in 2024, your maximum benefit would be $3,822.
The maximum amount of social security tax an employee will have withheld from their paycheck in 2024 is $10,453.20.
The maximum benefit in 2024 is $4,873 per month, the equivalent of $58,476 per year.
Individual filers can receive up to $943 each month, people who filed as a couple can receive up to $1,415, and essential persons get up to $472 each month, according to the ssa.
