Social Security Limit 2024 Taxable

Social Security Limit 2024 Taxable. Workers earning less than this limit pay a 6.2% tax on their earnings. This explainer was updated in july 2024.

The maximum amount of earnings subject to social security tax (taxable maximum) will increase to $168,600 from $160,200. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600 in 2024 (an.