The 2024 S.S. wage base increases to $168,600, an $8,400 increase. The S.S. tax rate remains at 6.2% for both employers and employees, as well as the 1.45% Medicare tax on all compensation, with no cap.
Social Security Wage Base
The 2024 S.S. wage base increases to $168,600, an $8,400 increase. The S.S. tax rate remains at 6.2% for both employers and employees, as well as the 1.45% Medicare tax on all compensation, with no cap.
Office: 847-367-0888
Fax: 847-367-6925
Monday-Friday 8:30AM-6:00PM
Saturday 9:00AM-1:00PM
Closed Sundays
After hours appointments are available upon request.