This amount is known as the “maximum taxable earnings” and changes each. The social security wage base is the maximum gross earnings subject to social security tax that can be imposed on an employee.
Whether the social security administration’s rules around working while you’re receiving social security retirement benefits apply to you will depend on your age. What should employers know about social security tax?
The Social Security Wage Base —.
For 2024, the social security tax limit is $168,600 (up from $160,200 in 2023).
If You Are Working, There Is A Limit On The Amount Of Your Earnings That Is Taxed By Social Security.
This amount is known as the “maximum taxable earnings” and changes each.
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This Amount Is Known As The “Maximum Taxable Earnings” And Changes Each.
If you are working, there is a limit on the amount of your earnings that is taxed by social security.
The 2024 Social Security Wage Base Is $168,600, Up From The 2023 Limit Of $160,200.
After an employee earns above the annual wage base, do not withhold.