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Social Security Max 2024 Tax Withholding

Social Security Max 2024 Tax Withholding. 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 increase of $8,400). There’s a maximum amount of compensation subject to the social security tax, but no maximum for medicare tax.


Social Security Max 2024 Tax Withholding

Listed below are the maximum taxable earnings for social security by year from 1937 to the present. The wage base or earnings limit for the 6.2% social security tax rises every year.

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