2024 Social Security Tax Limit Capital Gains Tax

2024 Social Security Tax Limit Capital Gains Tax. The irs reminds taxpayers receiving social security benefits that they may have to pay federal income tax on a portion of those benefits. We raise this amount yearly to keep pace with increases in average wages.

Don’t be afraid of going into the next tax bracket. The federal government sets a limit on how much of your income is subject to the social security tax.