2024 Maximum Social Security Taxable Income. This amount is also commonly referred to as the taxable maximum. The most you will have to pay in social security taxes for 2024 will be $10,453.
That’s what you will pay if you earn $168,600 or more. In 2024, the maximum amount of earnings on which you must pay social security tax is $168,600.
For 2024, An Employer Must Withhold:
In 2024, employees are required to pay a 6.2% social security tax (with their employer matching that payment) on income up to $168,600, up from $160,200 in 2023,.
6.2% Social Security Tax On The First $168,600 Of Employee Wages (Maximum Tax Is $10,453.20;
We raise this amount yearly to keep pace with increases in average wages.
Workers Earning Less Than This Limit Pay A 6.2% Tax On Their Earnings.
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So, If You Earned More Than $160,200 This Last Year, You.
For sure, this is a good amount.
(More If You Wait Until 70).
This amount is also commonly referred to as the taxable maximum.
But Beyond That Point, You'll Have $1 In Benefits Withheld Per $2 Of.
