2024 Social Security Tax Limit Cap. The wage base limit is the maximum wage that's subject to the tax for that year. What should employers know about social security tax?
So, if you earned more than. The wage base limit is the maximum wage that’s subject to the tax for that year.
In 2024, This Limit Rises To $168,600, Up From The 2023.
6.2% social security tax on the first $168,600 of employee wages (maximum tax is $10,453;
For Earnings In 2024, This Base Is $168,600.
Millionaires are set to hit that threshold in march.
2024 Social Security Tax Limit Cap Images References :
In The Year You Reach Full Retirement Age, We Deduct $1 In Benefits For Every $3 You Earn Above A Different Limit,.
For 2024, the social security tax limit is $168,600.
In 2024, Up To $168,600 In Earnings Are Subject To Social Security Payroll Taxes.