Social Security Tax Limit 2024 Withholding Tax

Social Security Tax Limit 2024 Withholding Tax. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an.

Learn how the irs determines how much of your social security benefits are taxable based on your combined income and filing status. Given these factors, the maximum amount.