Social Security Wage Base Limit 2024 Chart. The maximum amount of earnings subject to the social security tax (taxable maximum) will increase to. In 2024, this limit rises to $168,600, up from the 2023.
The wage base or earnings limit for the 6.2% social security tax rises every year. The maximum social security employer contribution will increase by $520.80 in 2024.
2024 Federal Insurance Contributions Act (Fica) Changes.
The maximum amount of earnings subject to the social security tax (taxable maximum) will increase to.
The $168,600 Wage Base For 2024 Is Slightly Greater Than The Wage Base.
You aren’t required to pay the social security tax on any income beyond the social security wage base limit.
Social Security Wage Base Limit 2024 Chart Images References :
As The Irs Explains In Publication 15, Only The Social Security Tax Has A Wage Base Limit.
In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600.
In The Year You Reach Full Retirement Age, We Deduct $1 In Benefits For Every $3 You Earn Above A Different Limit,.
The social security administration today issued a news release announcing that the social security wage base will rise from $160,200 in 2023 to $168,600 in 2024.
