What Is The Social Security Tax Rate For 2024 Married Filing Jointly. The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax. Simple annual overview of deductions on a $ 190,000.00 salary.

For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). If they are married filing jointly, they should take half of their social security, plus half of their spouse’s social security, and add that to all their combined income.