There is no limit on the amount of Social Security withheld annually.

Question

Quizplus · Accepted Answer

There is a limit on the amount of Social Security tax (also known as FICA tax) withheld annually. The limit is adjusted each year based on changes in average wage levels, and for the year 2020, the maximum amount of Social Security tax that can be withheld is $8,537.40. Once an individual's earnings have reached this limit, no further Social Security tax will be withheld for the remainder of the year.

There Is No Limit on the Amount of Social Security