Social Security Tax Wage Limit 2024 Lok

Social Security Tax Wage Limit 2024 Lok. Social security wage limit 2024 explained. The 2024 social security tax limit has increased to $168,600, offering potential tax savings for higher earners by excluding income above this threshold from social security taxes.

The taxable wage base estimate has been released, providing you with key numbers. The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each.