Social Security Wage Limit 2024 Increase

Social Security Wage Limit 2024 Increase. 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. This is an automatic update and you don’t need to.

At present, the contributions are payable on the maximum wage ceiling of ₹15,000 and the pension contribution is at the rate of 8.33% of the maximum wage. 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.