Max Social Security Tax 2024 Withholding Nj. 11 rows if you are working, there is a limit on the amount of your earnings that is taxed by social security. This is up from $9,932.40.
The maximum amount of social security tax an employee will have withheld from their paycheck in 2024 is $10,453.20 ($168,600 x 6.2%). So, for people making over $160,200 in 2023, they will be paying $818 more in.
As A Result, The Maximum Social Security Tax Possible Jumps From $9,114 To $9,932.
For 2024, the social security tax limit is $168,600.
Medicare And Social Security Taxes Together Make Up Fica.
So, for people making over $160,200 in 2023, they will be paying $818 more in.
Max Social Security Tax 2024 Withholding Nj Images References :
Any Wages Earned Above $168,600 Are.
Rate information, contributions, and due dates.
For Social Security, Withhold 6.2% Of Each Employee’s Taxable Wages Until They Have Earned $168,600 For The Year.
For 2024, the social security tax limit is $168,600.