Social Security Tax Rate 2024 Florida . The social security tax limit was increased by 5.2% in 2024, sending the limit from $160,200 in 2023 to $168,600 in 2024. The maximum social security tax for employees is $9,114.
Former president donald trump has touted a bold new idea for social security: The state keeps its hands off your social security, making it even more attractive for people looking for a place to spend their sunset.
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Cap On Social Security Tax 2024 Heddi Kristal , The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total.