Social Security Tax Limit 2024 Withholding Declaration. Currently, the social security tax is 6.2% for employees, which is paid through. If you and your spouse earn $150,000 apiece, each of you will only pay social security tax on the first $132,900 of your earnings.
This results in a max social security tax withheld from pay of $8,853.60. For 2017, the oasdi (fica) tax rate is set at 6.2% of earnings with a cap at $127,200 (in 2018 this will be increasing to $128,400).
Social Security Tax Limit 2024 Withholding Declaration Images References :
