Social Security Tax Wage Limit 2024 Table

Social Security Tax Wage Limit 2024 Table. The rate of social security tax on taxable wages is 6.2% each for the employer and employee. We’re talking about a 6.2% tax rate that bosses need to withhold from employee wages until you hit the social security wage.

We’re talking about a 6.2% tax rate that bosses need to withhold from employee wages until you hit the social security wage. 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.