Social Security Tax Limit 2024 Withholding Rate . Qualified pension plan limits for 2023 and 2024; The social security wage base for 2023 is $160,200, and $168,600 in 2024.
In 2024, the social security tax rate is 6.2% for employers and employees, unchanged from 2023. The social security tax limit refers to the maximum amount of earnings that are subject to social security tax.
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