Fica Limit 2024 Dollar Amount. For 2023, the wage base was $160,200. In 2023, only the first $160,200 of your earnings are subject to the social security tax.
2023 2024 the year an individual reaches full retirement age ($4,710 $56,520/yr. For 2023, the wage base was $160,200.
In 2024, This Limit Rises To $168,600, Up From The 2023 Limit Of $160,200.
This amount is also commonly referred to.
For 2024, The Maximum Income Subject To The Social Security Portion Of The Fica Tax Is $147,000.
2023 2024 the year an individual reaches full retirement age ($4,710 $56,520/yr.
For 2023, The Wage Base Was $160,200.
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The Federal Government Sets A Limit On How Much Of Your Income Is Subject To The Social Security Tax.
For 2024, the maximum income subject to the social security portion of the fica tax is $147,000.
What Is The Maximum Income Subject To Fica Tax For 2024?
This income ceiling is also the maximum amount of money that’s considered when calculating the size of social security benefits: