Maximum Social Security Tax 2024 Withholding . 10 announced a higher threshold for earnings subject to social security payroll taxes. In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600.
In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600. You file a federal tax return as an individual and your combined income is between $25,000 and $34,000.
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Social Security 2024 Max Withholding Limit Tova Ainsley , Of course, both employers and employees pay the 6.2% social security tax rate, which means there could be a max payment next year of:
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