Social Security Tax Limit 2024 Withholding Rate
Social Security Tax Limit 2024 Withholding Rate. Social security and medicare tax for 2024. The federal government sets a limit on how much of your income is subject to the social security tax.
What is the social security withholding rate for employees in 2024? Social security taxes in 2024 are 6.2 percent of gross wages up to $168,600.