Maximum Social Security Tax Withholding 2024 Over 65. We call this annual limit the contribution and benefit base. Only these percentages can be withheld.

For 2024, your wages up to $168,600 are taxed at 6.2% for social security, and your wages with no limit are taxed at 1.45% for medicare. Getty images) by katelyn washington.

We Call This Annual Limit The Contribution And Benefit Base.

What is the social security.

The Social Security Wage Base Is The Maximum Gross Earnings Subject To Social Security Tax That Can Be Imposed On An Employee.

In 2024, the social security wage base limit rises to $168,600.

Only These Percentages Can Be Withheld.

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For Earnings In 2024, This Base Is $168,600.

Only these percentages can be withheld.

In 2024, This Limit Rises To $168,600, Up From The 2023.

This amount is also commonly referred to as the taxable maximum.

For 2024, The Social Security Tax Limit Is $168,600.