Social Security Wage Limit 2024 Explained. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600. The social security administration deducts $1 from your social security check for every $3 you earn in the months before your birthday above the income limit.
The wage base or earnings limit for the 6.2% social security tax rises every year. 11 rows if you are working, there is a limit on the amount of your earnings that is taxable by social security.
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