Social Security Tax Limit 2024 Withholdings
Social Security Tax Limit 2024 Withholdings . 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%). The maximum earnings subject to the social security payroll tax will increase by nearly 9%, the social security administration announced.
$1 is deducted for every $3 you earn above a certain limit (in 2024 it’s. The social security tax limit refers to the maximum amount of earnings that are subject to social security tax.
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