What Is The Maximum Social Security Tax 2024

What Is The Maximum Social Security Tax 2024. Workers earning less than this limit pay a 6.2% tax on their earnings. You file a federal tax return as an individual and your combined income is more than $34,000.

For 2024, the social security administration will deduct $1 from benefits for every $2 you earn above the annual limit of $22,320. This amount is known as the maximum taxable earnings and changes each year.