Social Security Tax Income Limit 2024 Increase. The federal government sets a limit on how much of your income is subject to the social security tax. In 2024, you can earn up to $22,320 without having your social security benefits withheld.
If implemented in 2024, this would increase the taxable maximum to $279,900 in 2028 (instead of $195,900 as currently projected). That means the maximum social security tax per worker will be rising by $1041.60 to $20,906.40, with $10,453.20 of that taken directly out of an employeeโs paycheck, up from.
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