Social Security Max 2024 Contribution. The social security tax limit refers to the maximum amount of earnings that are subject to social security tax. It’s $4,873 per month if retiring at 70 and $2,710 for retirement at 62.
It’s possible to get more than $58,000. If you get rent assistance with your pension, your cut off point is higher.
Only The Social Security Tax Has A Wage Base Limit.
As of 2024, the maximum taxable earnings for social security taxes have been set at $160,200.
This Amount Is Also Commonly Referred To As The Taxable Maximum.
For earnings in 2024, this base is $168,600.
More Than 71 Million Americans Will See A 3.2% Increase In Their Social Security Benefits And Supplemental Security Income (Ssi) Payments In 2024.
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(For 2023, The Tax Limit Was $160,200.
Retirement limits, tax brackets and more.
It’s $4,873 Per Month If Retiring At 70 And $2,710 For Retirement At 62.
