2024 Social Security Wage Limit Increase

2024 Social Security Wage Limit Increase. What should employers know about social security tax? Photo courtesy of the nation.


2024 Social Security Wage Limit Increase

In 2025, the maximum possible benefit for someone retiring at age 70 is $5,108 per month, which works out to nearly. 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.

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2024 Social Security Wage Limit Increase