Social Security Max 2024 Tax Rate. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. For earnings in 2024, this base is $168,600.
The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an increase of $8,400). This amount is also commonly referred to as the taxable maximum.
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