Social Security Withholding 2024 Rate

Social Security Withholding 2024 Rate. Individuals with multiple income sources. When you calculate how much of your social security benefit is taxable, use the $2,000/month number and multiply that by the number of months to get the annual.

You can choose a withholding rate of 7%, 10%, 12%, or 22%. Withholding taxes from your social security payments is one way to cover your potential tax liability.