Social Security Tax Rate 2024 Limit. — 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. You will pay tax on your social security benefits based on internal revenue service (irs) rules if you:
You will pay tax on your social security benefits based on internal revenue service (irs) rules if you: The social security wage base limit is $168,600.the medicare tax rate is 1.45% each for the employee and employer,.