Social Security Tax Rate 2024 Limit . The social security wage base limit is $160,200.the medicare tax rate is 1.45% each for the employee and employer, unchanged from 2022. Social security's 2025 cola will be announced in less than 2 months.
We call this annual limit the contribution and benefit base. The limit is $168,600 in 2024.
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Social Security Tax Limit 2024 All You Need to Know About Tax Limit , The limit for 2023 and 2024 is $25,000 if you are a single filer, head of household or qualifying widow or widower with a dependent child.
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