Social Security Employee Tax Maximum 2024 Calendar

Social Security Employee Tax Maximum 2024 Calendar. This amount is known as the “maximum taxable earnings” and changes. The social security administration (ssa) announced that the maximum earnings subject to social security (oasdi) tax will increase from $160,200 to $168,600.

The oasdi payroll tax is imposed on earnings creditable for social security purposes up to an annual taxable maximum amount ($168,600 in 2024) that ordinarily increases each. The social security administration recently announced that the wage base for computing social security tax will increase to $168,600 for 2024 (up from $160,200.