Social Security Max 2024 Withholding Rate

Social Security Max 2024 Withholding Rate. To fund social security, employers and employees each pay a payroll tax of 6.2% (for a combined 12.4%) of an employee’s annual. Social security tax limit (wage base) for 2024.


Social Security Max 2024 Withholding Rate

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 increase of $8,400). The maximum social security employer contribution will increase by.

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