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2024 Social Security Max Wage Base

2024 Social Security Max Wage Base. Here are the calculations, both for 2023 and 2024 for comparison purposes, of the practical tax effects of the social security wage base on the amount taken out for the federal retirement benefits. For earnings in 2025, this base is $176,100.


2024 Social Security Max Wage Base

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). The social security wage base is the maximum gross earnings subject to social security tax for employees.

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