Social Security Max 2024 Deduction. In the calendar year you will reach fra, the limit goes up (to $59,520 in 2024) and withholding goes down, to $1 for every $3 in earnings above the cap. In the first budget of modi 3.0, sitharaman proposed that the 5 per cent tds rate on many payments be merged into the 2 per cent tds rate, and the 20 per cent tds rate on.

In the calendar year you will reach fra, the limit goes up (to $59,520 in 2024) and withholding goes down, to $1 for every $3 in earnings above the cap. In 2024, this limit on your earnings is $59,520.