Social Security Tax Limit 2024 Withholding Rate

Social Security Tax Limit 2024 Withholding Rate. Your employer also pays 6.2% on any taxable wages. To fund social security, employers and employees each pay a payroll tax of 6.2% (for a combined 12.4%) of an employee’s annual.


Social Security Tax Limit 2024 Withholding Rate

The federal government sets a limit on how much of your income is subject to the social security tax. The social security tax limit is the maximum wage due to the social security tax.

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