2024 Social Security Tax Limit Irs. 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. We raise this amount yearly to keep pace with increases in average wages.


2024 Social Security Tax Limit Irs

You pay tax as a percentage of your income in layers called tax brackets. In 2024, the social security tax rate is 6.2% for employers and employees, unchanged from 2023.

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