Social Security Tax Limit 2024 Increase 2024 . The social security administration recently announced that the wage base for computing social security tax will increase to $168,600 for 2024 (up from $160,200 for 2023). For 2024, the social security tax limit is $168,600.
The 2025 limit is $176,100, up from $168,600 in 2024. The maximum employee share of the social security tax contribution will increase from $9,932.40 to.
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