Social Security Tax Limit In 2024
Social Security Tax Limit In 2024. Wealthier taxpayers will have more social security tax taken from their paychecks this year due to a wage base increase. Retirement limits, tax brackets and more.
He has proposed exempting social security benefits and tips from taxation, as well as extending individual tax cuts enacted in 2017. The social security limit is $168,600 for 2024, meaning any income you make over $168,600 will not be subject to social security tax.