Social Security Tax Rate 2024 Limit. Workers earning less than this limit pay a 6.2% tax on their earnings. 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.
Standard deduction for salaried employees increased to rs 75,000. [3] there is an additional 0.9% surtax on top of the standard 1.45%.