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Social Security Tax Limit 2024 Increase 2024

Social Security Tax Limit 2024 Increase 2024. Here’s what you should know about the increase. The irs reminds taxpayers receiving social security benefits that they may have to pay federal income tax on a portion of those benefits.


Social Security Tax Limit 2024 Increase 2024

The social security administration (ssa) has announced that the maximum earnings subject to the social security payroll tax will increase by $8,400 in 2024. The wage base or earnings limit for the 6.2% social security tax rises every year.

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