Social Security Withholding 2024 Maximum. In 2024, the maximum federal benefit rate is $943 for an individual and $1,415 for a couple, plus any applicable state supplementation. Learn how to calculate and withhold federal and state taxes on your social security benefits, based on your income and filing status.
Learn how social security benefits depend on earnings and retirement age. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total.