Tax Rate On Social Security Benefits 2024 Tax Rate. 6.2% for the employee plus 6.2% for the employer; Up to 85% of your social security benefits are taxable if:
The 2024 union budget introduced some modifications regarding the aadhaar card, stt, tds rate, and the direct tax vivad se. Up to 85% of your social security benefits may be subject to taxes at your ordinary income tax rate, but 44% of people wonโt owe any income taxes on their social.