Max Ss Tax Withholding 2024 Table. You file a federal tax return as an individual and your combined income is between $25,000 and $34,000. Workers earning less than this limit pay a 6.2% tax on their earnings.
With the $168,600 wage cap in place for 2024, the maximum that each party would be responsible for is $10,453.20, adding up to a total contribution of $20,906.40 in. The maximum amount of social security tax an employee will have withheld from their paycheck in 2024 is $10,453.20 ($168,600 x 6.2%).
You File A Federal Tax Return As An Individual And Your Combined Income Is Between $25,000 And $34,000.
For 2024, the social security tax limit is $168,600.
Social Security And Medicare Tax For 2024.
The social security wage base limit is.
Max Ss Tax Withholding 2024 Table Images References :
The Rate Of Social Security Tax On Taxable Wages Is 6.2% Each For The Employer And Employee.
The limit for 2023 and 2024 is $25,000 if you are a single filer, head of household or qualifying widow or widower with a dependent child.
Social Security And Medicare Tax For 2024.
If you are working, there is a limit on the amount of your earnings that is taxed by social security.