Maximum Social Security Tax Withholding 2024 Pdf . To fund social security, employers and employees each pay a payroll tax of 6.2% (for a combined 12.4%) of an employee’s. Why millionaires may have already hit their social security payroll tax limit for 2024.
In 2024, up to $168,600 in earnings are. This results in the following variable social security contributions for the calendar year 2025.
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