Salary Limit For Social Security Tax 2024

Salary Limit For Social Security Tax 2024. The internal revenue service has announced an increase in the social security wage base to $168,600, up from $160,000. The special rule lets us pay a full social security check for any whole month we consider you retired, regardless of your yearly earnings.

The wage base or earnings limit for the 6.2% social security tax rises every year. The internal revenue service has announced an increase in the social security wage base to $168,600, up from $160,000.