Social Security Income Tax Limit 2024 . Keep an eye on the oasdi limit—it’s your earnings ceiling for social security taxes. For the 2024 tax year, the irs has announced inflation adjustments impacting more than 60 tax.
Get ready to contribute 6.2% of each paycheck towards social security until you hit that cap—then no more payroll tax. The maximum amount of social security tax an employee will have withheld from their paycheck in 2024 is.
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