Social Security Max 2024 Tax Rate . What is the maximum possible social security benefit in 2024? The wage base or earnings limit for the 6.2% social security tax rises every year.
This amount is known as the “maximum taxable earnings” and changes each. Up to $168,600 of earnings will be subject to social security tax in 2024, raising the taxes taken out of a high earner’s paycheck to $10,453.
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