Social Security Tax Rate 2024 Vs 2024 Tax Rate. Up to 85% of your social security benefits are taxable if: The budget 2024 has been passed by the lok sabha.

In 2024, only the first $168,600 a person earns is subject to these taxes. Up to $168,600 of earnings will be subject to social security tax in 2024, raising the taxes taken out of a high earner’s paycheck to $10,453.