Social Security Max 2024 Deduction Calculator

Social Security Max 2024 Deduction Calculator. The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each. Fica is a payroll tax that goes toward funding social security and medicare.

Fica is a payroll tax that goes toward funding social security and medicare. Use the online benefits calculator to estimate your monthly social security benefits by entering the annual earnings shown on your social security statement.