2024 Social Security Wage Base Limit. For 2023, the wage base was $160,200. We call this annual limit the contribution and benefit base.
This amount is also commonly referred to as the taxable maximum. For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).
For Earnings In 2024, This Base Is $168,600.
For 2023, the wage base was $160,200.
As A Result, In 2024 You’ll Pay No More Than $10,453 ($168,600 X 6.2%) In Social Security.
In 2024, that number is $168,600.
Any Amount Earned Above That Is Not Subject To The Social Security Wage Tax.
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For 2024, The Social Security Tax Limit Is $168,600 (Up From $160,200 In 2023).
The social security wage base limit is $160,200.the medicare tax rate is 1.45% each for the employee and employer, unchanged from 2022.
The Social Security Wage Base Is The Maximum Gross Earnings Subject To Social Security Tax That Can Be Imposed On An Employee.
For earnings in 2024, this base is $168,600.