The social security wage base — the amount of worker pay that is subject to. So, you’re looking at a potential $7,500 increase in the taxable wage base from this year to next.
Higher wage base means more cash stashed for. Of course, both employers and employees pay the 6.2% social security tax rate,.
For 2024, The Wage Base Limit Will Be $168,600 Annually, Up From $160,200 In 2023.
The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax.
As Of 2024, The Social Security Tax Limit For Employees And Employers Is $168,600 Raised From The $160,200 In 2023.
Individual taxable earnings of up to $168,600 annually will be subject to social security tax in 2024, the social security administration (ssa) announced.
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The Social Security Wage Base — The Amount Of Worker Pay That Is Subject To.
The first $168,600 of your wages is.
This Is Up From $160,200 In.
The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax.
