You aren’t required to pay the social security tax on any income beyond the social security wage base limit. That’d be a $6,300 increase from the current.
Ssa has announced the 2024 social security taxable wage base. We call this annual limit the contribution and benefit base.
The Social Security Administration (Ssa) Announced That The Maximum Earnings Subject To Social Security (Oasdi) Tax Will Increase From $160,200 To $168,600.
The social security payroll tax wage base was $160,200 last year.
At The Heart Of That Is A Commitment To Spend 2.5% Of Gdp On Defence Spending.
Find the 2024 payroll tax figures and limits.
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Starting In 2024, The Maximum Amount Of Earnings Subject To Social Security Tax Will Rise From $160,200 To $168,600.
In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600.
A Big Theme Of The Conservative Campaign Is The Promise Of Security.
After an employee earns above the annual wage base, do not withhold.
