Social Security Wage Base 2024 Maximum Earnings. 50% of anything you earn over the cap. This 5.2% increase means that more of your income could.
This amount is known as the “maximum taxable earnings” and. In 2024, the limit is $168,600 annually, however, limits increase over.
Case A, Born In 1962, Retires At Age 62.
50% of anything you earn over the cap.
This Amount Is Known As The “Maximum Taxable Earnings” And.
In each case, the worker retires in 2024.
This Amount Is Also Commonly Referred To.
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We Call This Annual Limit The Contribution And Benefit Base.
This number is indexed for inflation, so back in 1985, the wage base was just $39,600.
What Are The Maximum Social Security Wages For 2024?
In 2024, this limit rises to $168,600, up from the 2023.
If You Withhold More Than $10,453.20 In 2024, You Surpassed The Wage Base.