Did Social Security Tax Increase 2024

Did Social Security Tax Increase 2024. Social security benefits will increase by 3.2 percent beginning with the december 2023. A social security spousal rule that has been around for decades officially ends this year for everyone except those who turned 70 on jan.

Up to $168,600 of earnings will be subject to social security tax in 2024, raising the taxes taken out of a high earner’s paycheck to $10,453. Here are the rules used to calculate how much you might owe on your benefits.