Social Security Tax Limit 2024 Amount Increase . 5.8 million people were newly awarded social security benefits. The social security wage base for 2023 is $160,200, and $168,600 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). While most social security recipients aged 65 and older will have benefits high enough to cover the $10.30 per month increase of part b premiums from $174.70 to $185.00,.
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2024 Maximum Social Security Tax Taffy Federica , 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).