Social Security Tax Rate 2024 Limit. 11 rows if you are working, there is a limit on the amount of your earnings that is taxed by social security. As your total income goes up, you’ll pay federal income tax on a portion of the benefits while the.
You will pay tax on your social security benefits based on internal revenue service (irs) rules if you: 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.