Social Security Max 2024 Deduction Over 65. The 2024 limit is $168,600, up from $160,200 in 2023. The wage base or earnings limit for the 6.2% social security tax rises every year.


Social Security Max 2024 Deduction Over 65

Social security needs to be able to adjust for inflation in several regards. Suppose both of you are over 65 and you take the standard deduction, the standard deduction is $32,300 in 2024.

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