Social Security 2024 Maximum Contribution

Social Security 2024 Maximum Contribution. In 2024, the contribution limit for individuals to their simple retirement accounts will increase to $16,000, elevated from $15,500 in 2023. For 2024, there is a $150 increase to the contribution limit for these accounts.


Social Security 2024 Maximum Contribution

That means that the maximum amount of social security tax an employee will pay. 90% of the first $1,226.

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