Maximum Social Security Withholding 2024 Tacoma

Maximum Social Security Withholding 2024 Tacoma. As an employee, if i have jobs with multiple employers, i can have too much social security withheld in a year. 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 for 2023).

We raise this amount yearly to keep pace with increases in average wages. This amount is known as the “maximum taxable earnings” and changes each year.