Max Social Security Tax 2024 Withholding Table. Use this worksheet to figure the amount of your projected withholding for 2024, compare it to. For 2024, the social security tax limit is $168,600.
Here’s what you need to know for the 2024 withholding tables: If you are working, there is a limit on the amount of your earnings that is taxed.
This Is Up From $9,932.40.
1, 2023, the maximum earnings subject to the social security payroll tax will increase by nearly 9 percent to $160,200—up from the $147,000.
Flat Dollar Amounts Are Not Accepted.
(for 2023, the tax limit was $160,200.
Max Social Security Tax 2024 Withholding Table Images References :
The Current Tax Rate For Social Security Is 6.2% For The Employer And 6.2% For The Employee, Or 12.4% Total.
We call this annual limit the contribution and benefit base.
1, 2023, The Maximum Earnings Subject To The Social Security Payroll Tax Will Increase By Nearly 9 Percent To $160,200—Up From The $147,000.
Here’s what you need to know for the 2024 withholding tables: