Irs Social Security Tax Limit 2024. You file a federal tax return as an individual and your combined income is more than $34,000. The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total.

The social security tax limit is the maximum wage due to the social security tax. Eliminating federal income tax on social security retirement benefits could benefit many retirees, especially those who receive other types of taxable income, such as from.