What Is The 2024 Social Security Tax Limit
What Is The 2024 Social Security Tax Limit. We raise this amount yearly to keep pace with increases in average wages. Seniors on social security are allowed to also earn income from a job.
The oasdi tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each. Only the social security tax has a wage base limit.