Social Security Limit 2024 Withholding Calculator
Social Security Limit 2024 Withholding Calculator. The federal government sets a limit on how much of your income is subject to the social security tax. Check the applicable social security wage base limit (for example, it is $160,200 for tax year 2023).
This amount is known as the “maximum taxable earnings” and changes each. But beyond that point, you’ll have $1 in benefits withheld per $2 of earnings.
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