Social Security Tax Rate And Limit 2024 . In 2010, the program paid more in benefits and expenses than it collected in taxes and other noninterest. Individual taxable earnings of up to $168,600 annually will be subject to social security tax in 2024, the social security administration (ssa) announced thursday.
We raise this amount yearly to keep pace with increases in average wages. 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.
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