Social Security Tax Limit 2024 Increase 2024

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.


Social Security Tax Limit 2024 Increase 2024

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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