2024 Social Security Tax Limit Increase . For 2024, that maximum is set at $168,600, an increase of $8,400 from last. 6.2% social security tax on the first $168,600 of wages (6.2% x $168,600 makes the maximum tax $10,453.20), plus.
In 2010, the program paid more in benefits and expenses than it collected in taxes and. In 2024, that limit increases to $168,600.
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