Max To Pay Into Social Security 2024

Max To Pay Into Social Security 2024. The federal government sets a limit on how much of your income is subject to the social security tax. Over your lifetime, you’ll likely pay hundreds of thousands of dollars into social security — but what you get out will depend on a number of factors.

For 2024, the social security tax limit is $168,600, and it will increase to $176,100 in. In 2024, employees are required to pay a 6.2% social security tax (with their employer matching that payment) on income up to $168,600, up from $160,200 in 2023, up from $147,000 in 2022, and up from $142,800 in 2021.