Maximum Ss Tax 2024. In 2024, employees are required to pay a 6.2% social security tax (with their employer matching that payment) on. A s the 31st march deadline for fiscal year comes to a close, taxpayers are actively seeking ways to optimize their income tax savings.
Maximum monthly salary credit (msc), has been lifted up to โฑ29,750. According to a recent report from the social security trust fundโs board of trustees, the tax limit for social security is projected to go up to $174,900 in 2025.