2024 Social Security Income Tax Limit. Social security tax wage base jumps 5.2% for 2024. For 2024, the social security tax limit is $168,600.

Keep an eye on the oasdi limit—it’s your earnings ceiling for social security taxes. If this is the year you hit full retirement age, however, the rules are a little.

The Social Security Administration (Ssa) Announced That The Maximum Earnings Subject To Social Security (Oasdi) Tax Will Increase From $160,200 To $168,600.

2 major social security changes in 2024 may surprise many americans.

Wealthier Taxpayers Will Have More Social Security Tax Taken From Their Paychecks.

We raise this amount yearly to keep pace with increases in average wages.

Story By Trevor Jennewine • 2Mo.

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For Earnings In 2024, This Base Is $168,600.

In 2024, the social security tax limit is set at $168,600, and the tax rate is 6.2%.

Social Security Tax Wage Base Jumps 5.2% For 2024.

This means that income up to $168,600 is subject to the tax, with both employees.

Up To 85% Of Your Social Security Benefits Are Taxable If: