Social Security Wage Limit 2024 Percentage. For 2024, the fica tax rate for employers will be 7.65% โ 6.2% for social security and 1.45% for medicare (the same as in 2023). For 2024, the social security tax limit is $168,600.
(for 2023, the tax limit was $160,200. For 2024, an employee will pay:
Individuals With Multiple Income Sources.
This amount is known as the โmaximum taxable earningsโ and changes.
The 2024 Limit Is $168,600, Up From $160,200 In 2023.
For 2024, an employee will pay:
Social Security Wage Limit 2024 Percentage Images References :
6.2% Social Security Tax On The First $168,600 Of Wages (6.2% X $168,600 Makes The Maximum Tax $10,453.20), Plus.
This is up from $9,932.40.
For The Year 2024, The Social Security Wage Base Is Projected To Be $167,700.
For 2024, the social security tax limit is $168,600.
