Social Security Employee Tax Maximum 2024 Amount. 6.2% social security tax on the first $168,600 of wages (6.2% x $168,600 makes the maximum tax $10,453.20), plus. The maximum amount of income subject to the oasdi tax is $168,600 in 2024.
If you are working, there is a limit on the amount of your earnings that is taxed by social security. The maximum amount of income subject to the oasdi tax is $168,600 in 2024.
That Caps The Maximum Annual Employee Contribution At $10,453.20.
That’s what you will pay if you earn $168,600 or more.
In 2024, The Maximum Amount Of Earnings On Which You Must Pay Social Security Tax Is $168,600.
Your employer also pays 6.2% on any taxable wages.
Social Security Employee Tax Maximum 2024 Amount Images References :
There’s A Maximum Amount Of Compensation Subject To The Social Security Tax, But No Maximum For Medicare Tax.
For earnings in 2024, this base is $168,600.
$10,397.40 Paid By Each Employee,.
If you are working, there is a limit on the amount of your earnings that is taxed by social security.