Social Security Tax Wage Limit 2024 Chart. The limit for 2023 and 2024 is $25,000 if you are a single filer, head of household or qualifying widow or widower with a dependent child. The internal revenue service has announced an increase in the social security wage base to $168,600, up from $160,000.
The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600. If you are working, there is a limit on the amount of your earnings that is taxed by social security.
Starting With The Month You Reach Full Retirement Age, You Can Get Your Benefits With No Limit On Your Earnings.
Maximum social security withholding 2024 seana courtney, for 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).
(For 2023, The Tax Limit Was $160,200.
The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600.
Social Security Tax Wage Limit 2024 Chart Images References :
This Amount Is Known As The “Maximum Taxable Earnings” And Changes.
The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600.
According To The Intermediate Projection Issued In A May 2024 Report, The Social Security Taxable Wage Next Year Will Be $174,900.
The 2023 and 2024 limit for joint filers is $32,000.