2024 Social Security Tax Limit Cap. The wage base limit is the maximum wage that's subject to the tax for that year. For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).
This amount is also commonly referred to as the taxable maximum. Usd 10,453.20 is the maximum amount of social security tax that will.
This Amount Is Also Commonly Referred To As The Taxable Maximum.
If you are working, there is a limit on the amount of your earnings that is taxed by social security.
The Table Below Shows The Annual Increases In The Social Security Tax Cap From 2010 Through 2024.
Experts are in favour of raising the income tax thresholds by the government.
2024 Social Security Tax Limit Cap Images References :
The Limit On Annual Earnings Subject To Social Security Taxes Is Referred To As The Taxable Maximum Or The Social Security Tax Cap.
So, if you earned more than $160,200 this last year, you didn't have to.
For Earnings In 2024, This Base Is $168,600.
The most you will have to pay in social security taxes for 2024 will be $10,453.