Max Taxable Social Security Wages 2024 Ny. 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. The annual limit — called the.
In 2024, the social security tax known as fica “is assessed against all wages up to a maximum of $168,600,” nancy altman, president of social security. This amount is known as the “maximum taxable earnings” and changes each.
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