Social Security Tax Limit 2024 Amount Calculator. For tax years beginning in 2025, the foreign earned income exclusion amount under irc section 911(b)(2)(d)(i) is $130,000, up from $126,500 in 2024. Apply the social security tax rate of 12.4% on your gross income up the wage limit.
The 2024 limit is $168,600, up from $160,200 in 2023. Calculate the estimated payroll taxes due on wages for both employees and employers.
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