Hmaximum Social Security Tax 2024

Hmaximum Social Security Tax 2024. The social security administration has announced a higher threshold for earnings subject to social security payroll taxes. You file a federal tax return as an individual and your combined income is more than $34,000.

When you file your tax return the following year, you can claim a refund from the. So, if you earned more than $160,200 this last year, you didn’t have to pay the social security payroll.