Social Security Max 2024 Withholding Amount. The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax. The initial benefit amounts shown in the table below assume retirement in january of the stated year, with.
The current rate for medicare is 1.45% for the employer and 1.45%. 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.
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Max Social Security Tax 2024 Withholding Table Reyna Clemmie, This amount is known as the “maximum taxable earnings” and changes each year.
Category: 2024