Max Taxable Social Security Wages 2024

Max Taxable Social Security Wages 2024. The social security administration limits the amount of employee earnings that are subjected to social security tax each year. So, for people making over $160,200 in 2023, they will be paying $818 more in.

This amount is known as the “maximum taxable earnings” and changes. When you calculate how much of your social security benefit is taxable, use the $2,000/month number and multiply that by the number of months to get the annual.