Wage Base
In one sentence: The maximum amount of wages subject to Social Security tax in a year.
What it means
$168,600 in 2024. Earnings above the wage base are still subject to Medicare and (above thresholds) Additional Medicare tax.
In one sentence: The maximum amount of wages subject to Social Security tax in a year.
$168,600 in 2024. Earnings above the wage base are still subject to Medicare and (above thresholds) Additional Medicare tax.