What Is Max Social Security Withholding 2024. Flat dollar amounts are not accepted. We call this annual limit the contribution and benefit base.
You file a federal tax return as an individual and your combined income is more than $34,000. 2% social security tax on the first $168,600 of wages (6.2% x $168,600 makes the maximum tax $10,453.20), plus.
For 2024, The Social Security Tax Limit Is $168,600.
Flat dollar amounts are not accepted.
For 2024, An Employee Will Pay:
It’s $4,873 per month if retiring at 70 and $2,710 for retirement at 62.
What Is Max Social Security Withholding 2024 Images References :
Those Limits Change From Year To Year, But In 2024, The Base Limit Is $22,320, Up From $21,240 In 2023.
For earnings in 2024, this base is $168,600.
Of Course, Both Employers And Employees Pay The 6.2% Social Security Tax Rate, Which Means There Could Be A Max Payment Next Year Of:
The most you will have to pay in social security taxes for 2024 will be $10,453.
