2024 Max Social Security Tax Refund
2024 Max Social Security Tax Refund. The social security tax limit refers to the maximum amount of earnings that are subject to social security tax. About 40% of retirees must pay tax on their social security.
For tax year 2023, you’ll have excess social security withholdings if the sum of multiple employers’ withholdings exceeds $9,932.40 per taxpayer. The average benefit for all.