Social Security Max 2024 Deduction

Social Security Max 2024 Deduction. The resulting maximum social security tax for 2024 is $10,453.20. The social security administration (ssa) has announced that the maximum earnings subject to social security tax (social security wage base) will increase from $147,000 to $160,200 in 2023 (an increase of $13,200).


Social Security Max 2024 Deduction

The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each. The social security tax rate remains at 6.2 percent.

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