Social Security Tax Limit 2024 Withholding In India

Social Security Tax Limit 2024 Withholding In India. For 2024, the social security tax limit is $168,600. The maximum earnings subject to the social security payroll tax will increase by nearly 9%, the social security administration announced.

You are not required to pay any social security tax on income that goes past the wage base limit, which for 2024 is $168,600, up from $160,200 in 2023. The wage base limit is the maximum wage that’s subject to the tax for that year.