What Is Max Social Security Withholding 2024. For 2024, it amounts to 6.2% for employees on all income up to $168,600. The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each.
We call this annual limit the contribution and benefit base. Flat dollar amounts are not accepted.
Refer To What's New In Publication 15 For The Current Wage Limit For Social Security Wages.
The maximum earnings that are taxed have changed through the years as shown in the chart below.
For Earnings In 2024, This Base Is $168,600.
The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax.
What Is Max Social Security Withholding 2024 Images References :
For Earnings In 2024, This Base Is $168,600.
For 2024, it amounts to 6.2% for employees on all income up to $168,600.
For Earnings In 2024, This Base Is $168,600.
6.2% social security tax on the first $168,600 of wages (6.2% x $168,600 makes the maximum tax $10,453.20), plus.