Social Security Withholding 2024 Percentage Increase. In 2024, the social security tax withholding rate remains unchanged at 6.2% for both employees and employers. For example, if someone has $20,000 in social security income, 85% of it may be taxed.

The social security administration announced it will decrease the default overpayment withholding rate for social security beneficiaries to ten percent (or $10, whichever is. The social security tax rate for employees and.