Social Security Limit 2024 Withholding
Social Security Limit 2024 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. Social security withholding tax changes for 2024, the wage base limit will be $168,600 annually, up from $160,200 in 2023.
Workers earning less than this limit pay a 6.2% tax on their earnings. The 2024 ssi federal benefit rate (fbr) for an individual living in his or her own household and with no other countable income is $943 monthly;