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  1. www.ssa.gov › OACT › COLAContribution and Benefit Base - The United States Social ...

    We call this annual limit the contribution and benefit base. This amount is also commonly referred to as the taxable maximum. For earnings in 2024, this base is $168,600. The OASDI tax rate for wages paid in 2024 is set by statute at 6.2 percent for employees and employers, each.

    • Tax Rate

      Social Security's Old-Age, Survivors, and Disability...

    • Employment Tax Data

      Monthly employment tax data are available for each of the...

  2. financialducksinarow.com › social-security-maximumFinancial Ducks In A Row • Independent financial advice: IRA ...

    Year: Maximum Taxable Earnings: 1937-1950: $3,000: 1951-1954: $3,600: 1955-1958: $4,200: 1959-1965: $4,800: 1966-1967: $6,600: 1968-1971: $7,800: 1972: $9,000: 1973: $10,800: 1974: $13,200: 1975: $14,100: 1976: $15,300: 1977: $16,500: 1978: $17,700: 1979: $22,900: 1980: $25,900: 1981: $29,700: 1982: $32,400: 1983: $35,700: 1984: $37,800: 1985 ...

    Year
    Maximum Taxable Earnings
    2024
    $168,600
    2023
    $160,200
    2022
    $147,000
    2021
    $142,800

    See full list on financialducksinarow.com

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  4. www.ssa.gov › OACT › ProgDataSocial Security Retirement Benefit Calculation

    For example, the case-A indexing factor for 1984 is the average wage for 2022 ($63,795.13) divided by the average wage for 1984 ($16,135.07). We use the highest 35 years of indexed earnings in a benefit computation.

    Year
    Case A, Born In 1962(nominal Earnings)
    Case A, Born In 1962(indexing Factor)
    Case A, Born In 1962(indexed Earnings)
    1984
    $15,086
    3.9538
    $59,647
    1985
    15,779
    3.7922
    59,838
    1986
    16,298
    3.6829
    60,024
    1987
    17,392
    3.4621
    60,214

    See full list on ssa.gov

  5. www.patriotsoftware.com › blog › payroll2024 Social Security Wage Base | Overview of the Taxable Limit

    Nov 27, 2023 · Only withhold and contribute Social Security taxes until an employee earns above the wage base. Stay up-to-date with the annual Social Security wage base because it generally changes each year. The 2024 Social Security wage base is $168,600, up from the 2023 limit of $160,200.

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  8. www.taxpolicycenter.org › sites › defaultHistorical Social Security Tax Rates, 1937 to 2022 [1]

    11-Feb-22. Historical Social Security Tax Rates, 1937 to 2022 [1] Source: Social Security Administration. Contribution And Benefit Base. https://www.ssa.gov/OACT/COLA/cbb.html Notes: [1] The tax rate refers to the combined rate for employers and employees. [2] . OASDI refers to the "Old-Age, Survivors, and Disability Insurance" program.

  9. smartasset.com › retirement › social-security-tax-limitSocial Security Tax Limit (Wage Base) for 2024 | SmartAsset

    Mar 4, 2024 · The wage base or earnings limit for the 6.2% Social Security tax rises every year. The 2024 limit is $168,600, up from $160,200 in 2023.

  10. en.wikipedia.org › wiki › Social_Security_Wage_BaseSocial Security Wage Base - Wikipedia

    Year Wage Base Increase Maximum Social Security Employee Share Maximum Social Security Employer Share Maximum Total Contribution to Social Security 2024: $168,600: 5.2%: $10,453.20: $10,453.20: $20,906.40 2023: $160,200: 9.0%: $9,932.40: $9,932.40: $19,864.80 2022: $147,000: 2.9%: $9,114.00: $9,114.00: $18,228.00 2021: $142,800: 3.7%: $8,853.60 ...

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