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.
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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Social Security Tax Limit 2024 2024 Elli Karlotte , Fica is a payroll tax, and it's short for the federal insurance contributions act.