Social Security Tax Limit 2024 Increase 2024. 1.45% medicare tax on the first $200,000 of wages ($250,000 for joint returns,. The maximum employee share of the social security tax contribution will increase from $9,932.40 to $10,453.20 in 2024.
The tax rate is 12.4%, split evenly between employer and employee. The first $168,600 of your wages is subject to the 6.2% old age, survivors and disability insurance (oasdi) tax.
Social Security Tax Limit 2024 Increase 2024 Images References :