2024 Social Security Maximum Taxable Earnings Chart. For earnings in 2024, this base is $168,600. Starting with the month you reach full retirement age, you.
If your social security income is taxable, the amount you pay will depend on your total combined retirement income. The limit is $160,200 in 2023.
(For 2023, The Tax Limit Was $160,200.
The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total.
Find The 2024 Payroll Tax Figures And Limits.
The maximum earnings that are taxed have changed through the years as.
2024 Social Security Maximum Taxable Earnings Chart Images References :
Listed Below Are The Maximum Taxable Earnings For Social Security By Year From 1937 To The Present.
In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600.
However, The Annual Increases May Not Be Sufficient To Sustain The Program In Future Years.
If you are working, there is a limit on the amount of your earnings that is taxed by social security.