Social Security Tax Limit 2024 Withholdings

Social Security Tax Limit 2024 Withholdings. Generally, each employer for whom you work during the tax year must withhold social security tax up to the annual limit. 6.2% social security tax on the first $168,600 of employee wages (maximum tax is $10,453.20;

Generally, if your combined income (50% of your benefit plus any other earned income) exceeds $25,000/year filing individually or $32,000/year filing jointly,. The social security administration (ssa) announced that the maximum earnings.