Social Security Tax Rate 2024 Limit. The social security tax limit is the maximum wage due to the social security tax. The standard deduction (used instead of itemized deductions) will increase by $750 for.


Social Security Tax Rate 2024 Limit

This features a notable increase of 5.2% from 2023’s $160,200. In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600.

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