Social Security Tax Cap 2024 . An individual who earns under $168,600 in 2024 pays a 6.2% social security tax rate on their entire income. The maximum amount of earnings subject to the social security tax (taxable maximum) will increase to $168,600.
In 2024, you can earn up to $22,320 without having your social security benefits withheld. Workers earning at least $160,200 during the 2023 tax year faced an annual increase of.
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Raising Social Security Tax Cap Could Boost Benefits for Top Earners , An individual who earns under $168,600 in 2024 pays a 6.2% social security tax rate on their entire income.