2024 Social Security Tax Limit. In 2023, you paid social security taxes on work income up to $160,200. For 2024, the social security tax limit is $168,600.
(for 2023, the tax limit was $160,200. In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600.
The Wage Base Or Earnings Limit For The 6.2% Social Security Tax Rises Every Year.
In 2024, up to $168,600 in earnings are subject to social security payroll taxes.
Social Security Tax Limit Jumps 5.2% For 2024;
Earnings above that level are not taxed for the.
2024 Social Security Tax Limit Images References :
As A Result, If You're A High Earner, You Will Pay More In.
This amount is known as the “maximum taxable earnings” and changes each.
For 2024, The Social Security Tax Limit Has Been Set At $168,600, An Increase From The $160,200 Limit In 2023.
In 2024, the social security tax limit rises to $168,600.