Social Security Tax Limit 2024. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600. To fund social security, employers and employees each pay a payroll tax of 6.2% (for a combined 12.4%) of an employee’s.


Social Security Tax Limit 2024

The wage base or earnings limit for the 6.2% social security tax rises every year. Retirement tax benefits are preserved from the effects of rising prices.

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