Social Security Limit 2024 Withholding Calculator

Social Security Limit 2024 Withholding Calculator. If you need clarification on whether your social security benefits are taxable,. The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each.

However, the 6.2% that you pay only applies to income up to the social security tax cap, which for 2023 is $160,200 ($168,600 for 2024). 11 rows if you are working, there is a limit on the amount of your earnings that is taxed by social security.