Social Security Tax Max 2024
Social Security Tax Max 2024. We raise this amount yearly to keep pace with increases in average wages. Getty images) by katelyn washington.
The maximum amount of social security tax an employee will have withheld from their paycheck in 2024 is $10,453.20 ($168,600 x 6.2%). In 2024, the maximum earnings subject to social security payroll taxes will rise to $168,600 from $160,200.