Social Security Limit 2024 Tax Brackets

Social Security Limit 2024 Tax Brackets. The social security administration uses your income tax information from 2 years ago to determine whether you owe an irmaa. The current rate for medicare is 1.45% for the employer and 1.45%.

Social security tax limit jumps 4.4% for 2025; In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1).