Social Security Wage Limit 2024 Estimate. According to the intermediate projection issued in a may 2024 report, the social security taxable wage next year will be $174,900. Vice president harris did not specify how high she would raise the minimum wage, though she has previously discussed a minimum wage of at least $15 per hour at the state level.
It updates the 2024.1 version by updating the projected benefit increases and average wage increases with the assumptions from the 2024 trustees report. The maximum social security employer contribution will increase by $520.80 in 2024.
Social Security Wage Limit 2024 Estimate Images References :