2024 Social Security Tax Limit Capital Gains. Elsasser also emphasized that ordinary income can increase a retiree's capital gains tax rate. This means the maximum social security tax you can have withheld.
The inclusion of capital gains in your income can easily push you over these thresholds, leading to a higher tax on your social security benefits. This guide provides a detailed overview of, what is a capital gains tax for 2024, including tax rates, calculation methods, and strategies to minimize or avoid taxes.