In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600. How retirement income is taxed by the irs;
Social security tax rate is 6.2%. What is the social security.
Social Security Tax Rate Is 6.2%.
We raise this amount yearly to keep pace with increases in average wages.
The Limit For 2023 And 2024 Is $25,000 If You Are A Single Filer, Head Of Household Or Qualifying Widow Or Widower With A Dependent Child.
For earnings in 2024, this base is $168,600.
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In 2024, The Maximum Amount Of Earnings On Which You Must Pay Social Security Tax Is $168,600.
In 2024, the social security tax limit rises to $168,600.
Listed Below Are The Maximum Taxable Earnings For Social Security By Year From 1937 To The Present.
The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600.