Social Security Wage Limit 2024 Explained. The maximum social security employer contribution will increase by. The 2024 limit is $168,600, up from $160,200 in 2023.
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). The maximum social security contribution in 2024 is $10,453.20 ($168,600 x 0.062).
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