Social Security Max 2024 Withholding Rate
Social Security Max 2024 Withholding Rate. Fica is a payroll tax, and it's short for the federal insurance contributions act. 6.2% social security tax on the first $168,600 of wages (6.2% x $168,600 makes the maximum tax $10,453.20), plus.
Of course, both employers and employees pay the 6.2% social security tax rate, which means there could be a max payment next year of: Individuals with multiple income sources will want to.