Social Security Limit 2024 Tax Rate

Social Security Limit 2024 Tax Rate. You file a federal tax return as an individual and your combined income is between $25,000 and $34,000. The tax rate for an employee's portion of the social security tax is 6.2%.

The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an. How retirement income is taxed by the irs;