Irs Social Security Tax Limit 2024

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Irs Social Security Tax Limit 2024. The rate of social security tax on taxable wages is 6.2% each for the employer and employee. Here are the 2024 irs limits.


Irs Social Security Tax Limit 2024

Social security payments are subject to federal income tax in 2024, but only if combined income exceeds certain limits. The federal government sets a limit on how much of your income is subject to the social security tax.

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