2024 Social Security Tax Limit Cap 2024

2024 Social Security Tax Limit Cap 2024. In 2024, up to $168,600 in earnings are subject to social security payroll taxes. So, you’re looking at a potential $7,500 increase in the taxable wage base from this year to next.

The us residents who also see the deductions of the social security taxes from their paychecks then they must see this guide. The social security wage cap will be increased from the 2023 limit of $160,200 to the new 2024 limit of $168,600.