Social Security Tax Limit 2024 Withholding Tax. The social security tax limit is the maximum wage due to the social security tax. For earnings in 2024, this base is $168,600.
The resulting maximum social security tax for 2024 is $10,453.20. This amount is also commonly referred to as the taxable maximum.
There Is An Additional 0.9% Surtax On Top Of The Standard 1.45% Medicare Tax For Those Who Earn Over $200,000 (Single Filers), $250,000 (Joint.
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However, For 2024, The Tax Limit Goes From $160,200.
The social security wage base limit is $168,600.
Social Security Tax Limit 2024 Withholding Tax Images References :
Medicare Tax Limit 2024 Withholding.
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In 2024, Only The First $168,600 Of Your Earnings Are Subject To The Social Security Tax.
Hereโs how the math works:
