Social Security Limit 2024 Salary Java

Social Security Limit 2024 Salary Java. The maximum amount of earnings subject to social security tax is $160,200 in 2023. If you are under full retirement age for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit.

The limit on annual earnings subject to social security taxes is referred to as the taxable maximum or the social security tax cap. For every $2 you earn above this limit, your benefits will be reduced by $1.