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Social Security Limit 2024 Withholding Tax

Social Security Limit 2024 Withholding Tax. Generally, each employer for whom you work during the tax year must withhold social security tax up to the annual limit. The social security wage base limit is $168,600.the medicare tax rate is 1.45%.


Social Security Limit 2024 Withholding Tax

The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax. In 2024, the social security tax limit rises to $168,600.

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