Social Security Percentage 2024 Paycheck. So, if you earned more than $160,200 this last year, you didn't have to pay the. When you calculate how much of your social security benefit is taxable, use the $2,000/month number and multiply that by the number of months to get the annual social.

Employees and employers each pay a social security tax rate of 6.2% of employee compensation for a total of 12.4% as of the. In 2024, earnings up to $168,600 are subject to the social security tax.