Social Security Tax Rate 2024 Self Employed Calculator. The social security tax rate for those. Social security is funded by an employee payroll tax of 6.2% of qualifying earnings, with an equal amount paid by the employer.
Calculate the estimated payroll taxes due on wages for both employees and employers. The social security tax rate is 6.2%, so if your salary is more than $168,600, the amount youโll pay to social security in 2024 will be $10,453.20 (the $168,600 earnings cap times.062).