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2024 Social Security Tax Limit Increase

2024 Social Security Tax Limit Increase. 1.45% medicare tax on the first $200,000 of wages ($250,000 for joint returns, $125,000 for married taxpayers filing separate returns), plus. 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).


2024 Social Security Tax Limit Increase

Those who are receiving social security benefits got a 3.2% raise in 2024. The internal revenue service has announced an increase in the social security wage base to $168,600, up from $160,000.

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