What Is The Max Social Security Tax For 2024. In 2024, the social security tax rate is 6.2% for employers and employees, unchanged from 2023. 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).
The social security administration (ssa) has announced that the maximum earnings subject to the social security payroll tax will increase by $8,400 in 2024. The social security wage base is $168,600 for employers and employees, increasing from.
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