What Is the Social Security Tax Limit? | Retirement | U.S. News
https://money.usnews.com/money/retirement/social-security/articles/what-is-the-social-security-tax-limit
Key Takeaways: The Social Security tax limit refers to the maximum amount of earnings that are subject to Social Security tax. For 2024, the Social Security tax limit is $168,600. Workers earning less than this limit pay a 6.2% tax on their earnings. Individuals with multiple income sources will want to track their earnings and communicate with employers to ensure withholding adjustments are correct.
The Social Security tax limit refers to the maximum amount of earnings that are subject to Social Security tax.
For 2024, the Social Security tax limit is $168,600. Workers earning less than this limit pay a 6.2% tax on their earnings.
Individuals with multiple income sources will want to track their earnings and communicate with employers to ensure withholding adjustments are correct.
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