Social Security Tax Rate 2024 Limit. For 2024, the social security tax limit is $168,600, and it will increase to $176,100 in. Individuals with multiple income sources will want to.
To fund social security, employers and employees each pay a payroll tax of 6.2% (for a combined 12.4%) of an employee’s annual. For earnings in 2025, this base is $176,100.