Social Security Max 2024 Deduction

Social Security Max 2024 Deduction. The rate of social security tax on taxable wages, including qualified sick leave wages and qualified family leave wages. So, if you earned more than $160,200 this last year, you.

It’s $4,873 per month if retiring at 70 and $2,710 for retirement at 62. The federal government sets a limit on how much of your income is subject to the social security tax.