Max Social Security Tax 2024 Withholding Nj. This amount is known as the “maximum taxable earnings” and changes. Like in every other state, federal income and fica taxes (social security and medicare) are withheld from your paycheck/ your marital status and the number of.

When you have more than one job in a year, each of your employers must withhold social security taxes from your wages. The maximum earnings subject to the social security payroll tax will increase by nearly 9%, the social security administration announced.