Social Security Tax Limit 2024 Withholding Meaning

Social Security Tax Limit 2024 Withholding Meaning. We call this annual limit the contribution and benefit base. Fica is a payroll tax, and it's short for the federal insurance contributions act.


Social Security Tax Limit 2024 Withholding Meaning

The maximum amount of income that’s subject to the social security tax is $168,600 in 2024. Five things to know about social security and taxes;

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