Max Ssn Withholding 2024. For 2024, the social security tax limit is $168,600. Use this worksheet to figure the amount of your projected withholding for 2024, compare it to your projected tax for 2024, and, if necessary, figure any adjustment to the amount.
The maximum benefit amount, however, is more than double that. The rate of social security tax on taxable wages is 6.2% each for the employer and employee.
Itโs $4,873 Per Month If Retiring At 70 And $2,710 For Retirement At 62.
The wage base or earnings limit for the 6.2% social security tax rises.
October 17, 2022 ยท 5 Minute Read.
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).
Max Ssn Withholding 2024 Images References :
For 2024, The Social Security Tax Limit Is $168,600.
In 2024, the social security tax limit rises to $168,600.
This Amount Is Also Commonly Referred To As The Taxable Maximum.
Use this worksheet to figure the amount of your projected withholding for 2024, compare it to your projected tax for 2024, and, if necessary, figure any adjustment to the amount.