Ss Tax Maximum 2024. In 2024, the maximum earnings subject to social security payroll taxes will rise to $168,600 from $160,200. You aren’t required to pay the social security tax on any income beyond the social security wage base limit.
So, people making over $168,600 in 2024 will be paying about $521 more in social. This amount is known as the “maximum taxable earnings” and changes each.
But Beyond That Point, You'll Have $1 In Benefits Withheld Per $2 Of.
Thomson reuters tax & accounting.
For Earnings In 2024, This Base.
For 2024, the social security tax limit is $168,600.
11 Rows If You Are Working, There Is A Limit On The Amount Of Your Earnings That Is Taxed.
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The Social Security Limit Is $168,600 For 2024, Meaning Any Income You Make Over $168,600 Will Not Be Subject To Social Security Tax.
If you are working, there is a limit on the amount of your earnings that is taxed by social security.
The Maximum Wage Subject To Social Security Tax Has Gone Up.
1.45% medicare tax on the first $200,000 of employee wages, plus;