Social Security Limit 2024 Withholding . Of course, both employers and employees pay the 6.2% social. The rate of social security tax on taxable wages is 6.2% each for the employer and employee.
The rate of social security tax on taxable wages is 6.2% each for the employer and employee. The 2024 social security wage base is $168,600, up from the 2023 limit of $160,200.
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Social Security Tax Limit 2024 All You Need to Know About Tax Limit , The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total.
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