2024 Max Social Security Tax Refund

2024 Max Social Security Tax Refund. You must pay taxes on your social security benefits if you file a federal tax return as an individual and your combined income exceeds $25,000 a year. You file a federal tax return as an individual and your combined income is between $25,000 and $34,000.

For tax year 2023, you’ll have excess social security withholdings if the sum of multiple employers’ withholdings exceeds $9,932.40 per taxpayer. This results in a max social security tax.