Social Security Wage Base 2024 Maximum 2024. This amount is also commonly referred to as the taxable maximum. So, for 2024 employers must withhold the following amounts:
For 2024, the social security wage base was $168,600. Ssa estimates wage base of.
This Limit Changes Each Year With Changes In The National Average Wage Index.
So, for 2024 employers must withhold the following amounts:
For Tipped Employees, The Federal Minimum.
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 Highest Social Security Retirement Benefit For An Individual Starting Benefits In 2024 Is $4,873 Per Month, According To The Social Security Administration.
Images References :
This Number Is Indexed For Inflation, So Back In 1985, The Wage Base Was Just $39,600.
Best place to put your benefits:
You Arenโt Required To Pay The Social Security Tax On Any Income Beyond The Social Security Wage Base Limit.
For earnings in 2024, this base is $168,600.
Starting In 2024, The Maximum Amount Of Earnings Subject To Social Security Tax Will Rise From $160,200 To $168,600.