Social Security Tax Limit 2024 Withholding Form
Social Security Tax Limit 2024 Withholding Form. The social security tax rate is 6.2% each for the employee and employer, for a total of 12.4% as of 2024. For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).
Up to 50% of your social security benefits are taxable if: How retirement income is taxed by the irs;