Social Security Wage Limit 2024 Base. The social security wage base will rise in 2024 to $168,600, a 5.2% increase from its 2023 wage base of $160,200. For earnings in 2024, this base is $168,600.
The wage base or earnings limit for the 6.2% social security tax rises every year. The wage base or earnings limit for the 6.2% social security tax rises every year.
For Earnings In 2024, This Base Is $168,600.
(for 2023, the tax limit was $160,200.
The Maximum Amount Of Social Security Tax An Employee Will Have Withheld From.
The wage base or earnings limit for the 6.2% social security tax rises every year.
Social Security Wage Limit 2024 Base Images References :
The Social Security Administration (Ssa) Announced That The Maximum Earnings Subject To Social Security (Oasdi) Tax Will Increase From $160,200 To $168,600.
We call this annual limit the contribution and benefit base.
Using The โIntermediateโ Projections, The Board Projects The Social Security Wage Base Will Be $167,700 In 2024 (Up From $160,200 This Year) And Will Increase To.
Your earnings must equal or exceed the wage base limit for 35 years of your career to max out your social security benefits.
