Social Security Max 2024 Withholding Rate. The combined taxes withheld for the social security and medicare programs. Of course, both employers and employees pay the 6.2% social security tax rate, which means there could be a max payment next year of:
The social security administration recently announced that the wage base for computing social security tax will increase to $168,600 for 2024 (up from $160,200. The social security administration recently announced that the wage base for computing social security tax will increase to $168,600 for 2024 (up from $160,200.
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