Maximum Social Security Tax In 2024. For earnings in 2024, this base is $168,600. It’s $4,873 per month in 2024 if retiring at age 70 and $2,710 if retiring at.
That’s what you will pay if you earn $168,600 or more. (more if you wait until 70).
We Call This Annual Limit The Contribution And Benefit Base.
In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600.
What Are The Maximum Social Security Wages For 2024?
In 2023, workers paid social security taxes on income up to $160,200.
In 2024, The Maximum Social Security Benefit Is $4,873 Per.
Images References :
The Maximum Wage Subject To Social Security Tax Has Gone Up.
I.e., 6.20% × $168,600), plus;
6.2% Social Security Tax On The First $168,600 Of Employee Wages (Maximum Tax Is $10,453.20;
For earnings in 2024, this base is $168,600.
That’s What You Will Pay If You Earn $168,600 Or More.
