2024 Max Social Security Tax By Year 2024. Some workers may also face higher taxes for social security in 2024. 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 social security administration limits the amount of employee earnings that are subjected to social security tax each year. The annual limit โ called the.
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