Max Earned Income For Social Security 2024. For earnings in 2024, this base is $168,600. The wage base or earnings limit for the 6.2% social security tax rises every year.
You are receiving social security retirement benefits every month in 2024 and you: If your combined income is.
The 12.4% Payroll Tax On Earned Income.
If your combined income is.
In 2024, The Limit Stands At $59,520.
If you are working, there is a limit on the amount of your earnings that is taxed by social security.
Max Earned Income For Social Security 2024 Images References :
We Call This Annual Limit The Contribution And Benefit Base.
The 2024 limit is $168,600, up from $160,200 in 2023.
The Maximum Amount Of Social Security Tax An Employee Will Have Withheld From Their Paycheck In 2024 Is $10,453.20 ($168,600 X 6.2%).
The maximum social security retirement benefit in 2024 is $4,873 for those who qualify and delay claiming until age 70.