Social Security Tax Wage Limit 2024 Increase. The maximum 2024 social security component of the federal insurance contributions act tax payable by each employee will be $10,453.20, or 6.2% of the. The wage base or earnings limit for the 6.2% social security tax rises every year.

If you’re widowed, divorced, or have never married, here are some strategies to consider to help. At present, the contributions are payable on the maximum wage ceiling of ₹15,000 and the pension contribution is at the rate of 8.33% of the maximum wage.