Social Security Max 2024 Withholding Tax

Social Security Max 2024 Withholding Tax. In 2024, the social security tax limit rises to $168,600. However, if you'll be reaching full retirement age by the end of the year and aren't there yet, that limit is $59,520.

Withholding tax rate in india averaged 20.00 percent from 2022 until 2024, reaching an all time high of 20.00 percent. 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 employers.