2024 Social Security Tax Limit Cap. 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. Social security is financed by a 12.4 percent payroll tax on wages up to the taxable earnings cap, with half (6.2 percent) paid by workers and the other half paid by.
In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600. 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.
2024 Social Security Tax Limit Cap Images References :