The initial benefit amounts shown in the table below assume retirement in january of the stated year, with. This amount is known as the “maximum taxable earnings” and changes.
This is up from $9,932.40. This amount is also commonly referred to as the taxable maximum.
For Example, If You Retire At Full Retirement Age In 2024, Your Maximum Benefit Would Be $3,822.
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.
The Maximum Social Security Benefit You Can Receive In 2024 Ranges From $2,710 To $4,873 Per Month, Depending On The Age You Retire.
The social security wage base will rise in 2024 to $168,600, a 5.2% increase from its 2023 wage base of $160,200.
Images References :
Social Security And Medicare Tax For 2023.
For 2024, the social security tax limit is $168,600.
The Social Security Administration (Ssa) Announced That The Maximum Earnings Subject To Social Security (Oasdi) Tax Will Increase From $160,200 To $168,600.