Social Security Tax Wage Limit 2024 Table. In each case, the worker retires in 2024. Those limits change from year to year, but in 2024, the base limit is $22,320, up from $21,240 in 2023.
If you withhold more than $10,453.20 in 2024, you surpassed the wage base. 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.
In Each Case, The Worker Retires In 2024.
The maximum amount of social security tax an employee will have withheld from their paycheck in 2024 is $10,453.20 ($168,600 x 6.2%).
If You Withhold More Than $10,453.20 In 2024, You Surpassed The Wage Base.
Social security tax wage limit 2024 table.
Social Security Tax Wage Limit 2024 Table Images References :
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.
The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600.
The 2024 Limit Is $168,600, Up From $160,200 In 2023.
Those limits change from year to year, but in 2024, the base limit is $22,320, up from $21,240 in 2023.
