2024 Social Security Maximum Taxable Earnings. 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 initial benefit amounts shown in the table below assume retirement in january of the stated year, with maximum.
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.
The Social Security Administration Deducts $1 From Your Social Security Check For Every $2 You Earn Above The Cap.
Listed below are the maximum taxable earnings for social security by year from 1937 to the present.
For Earnings In 2024, This Base.
Only the social security tax has a wage base limit.
For 2022, This Amount Is $147,000.
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The Social Security Tax Limit Refers To The Maximum Amount Of Earnings That Are Subject To Social Security Tax.
The wage base limit is the maximum wage that's subject to the tax for that year.
For 2022, This Amount Is $147,000.
For 2024, the social security tax limit is $168,600.
In 2024, The Maximum Amount Of Earnings On Which You Must Pay Social Security Tax Is $168,600.