Max To Pay Into Social Security 2024

Max To Pay Into Social Security 2024. In 2024, employees are required to pay a 6.2% social security tax (with their employer matching that payment) on income up to $168,600, up from $160,200 in 2023, up from $147,000 in 2022, and up from $142,800 in 2021. This amount is known as the “maximum taxable earnings” and changes each year.


Max To Pay Into Social Security 2024

Multiply any amount over $1,174 up to $7,078 by 32%. The maximum benefit depends on the age you retire.

Max To Pay Into Social Security 2024 Images References :