Social Security Tax Limit 2024 Withholding. The annual limit is $168,600 in 2024. Only the social security tax has a wage base limit.
The maximum social security employer contribution will increase by $520.80 in 2024. [3] there is an additional 0.9% surtax on top of the standard 1.45% medicare tax.
Only The Social Security Tax Has A Wage Base Limit.
Federal income tax brackets and rates
The Social Security Administration Limits The Amount Of Employee Earnings That Are Subjected To Social Security Tax Each Year.
The maximum earnings subject to the social security payroll tax will increase by nearly 9%, the social security administration announced.
Social Security Tax Limit 2024 Withholding Images References :
Five Things To Know About Social Security And Taxes;
The combined taxes withheld for the social security and medicare programs.
The 2024 Limit Is $168,600, Up From $160,200 In 2023.