Social Security Tax Limit 2024 Increase Or Decrease. However, if you'll be reaching full retirement age by the end of the year and aren't there yet, that limit is $59,520. 6.2% of each of your paychecks is withheld for social security taxes and your employer contributes a.


Social Security Tax Limit 2024 Increase Or Decrease

6.2% of each of your paychecks is withheld for social security taxes and your employer contributes a. Earnings above that level are not taxed for the.

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