Social Security Max 2024 Tax Rate

Social Security Max 2024 Tax Rate. 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. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600.

Social security taxes in 2024 are 6.2 percent of gross wages up to $168,600. As your total income goes up, you’ll pay federal income tax on a portion of the benefits while the.