What Is The Max Social Security Payment 2024 Calculator. But if you receive ssi and. In 2024, for example, you only pay social security taxes on the first $168,600 you earn.
The current tax rate for social security is 6.2 percent for the employer and 6.2 percent for the employee โ 12.4 percent total. For 2024, the social security wage base is $168,600, an increase from $160,200 in 2023.