Social Security Tax Wage Limit 2024 Ny. The social security administration announced the 2024 wage base used to determine the limit on the social security tax portion of fica (for employees and. For earnings in 2024, this base is $168,600.
Starting in 2024, the maximum amount of earnings subject to social security tax will rise from $160,200 to $168,600. 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 Limit Is $168,600 For 2024, Meaning Any Income You Make Over $168,600 Will Not Be Subject To Social Security Tax.
There is no limit on the amount of wages subject to medicare tax.
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 maximum amount of social security tax an employee will have withheld from their paycheck in 2024 is $10,453.20 ($168,600 x 6.2%).
Social Security Tax Wage Limit 2024 Ny Images References :
This Amount Is Known As The “Maximum Taxable Earnings” And Changes.
2 min read