Social Security Max 2024 Deduction 2022. For 2024, the social security tax limit is $168,600, and it will increase to $176,100 in 2025. The oasdi tax rate for wages paid in 2025 is set by statute at 6.2 percent for employees and employers, each.
Your social security benefits would be reduced by $5,000 ($1 for every $2 you earned more than the limit). The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax.
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