Social Security Tax Limit 2024 Withholding 2024

Social Security Tax Limit 2024 Withholding 2024

Social Security Tax Limit 2024 Withholding 2024. The rate of social security tax on taxable wages is 6.2% each for the employer and employee. 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.


Social Security Tax Limit 2024 Withholding 2024

That means that the maximum amount of social security tax an employee will. The wage base or earnings limit for the 6.2% social security tax rises every year.

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