2024 Social Security Tax Limit Increase. The socso amendment act and the eis amendment act will increase the maximum limit of the monthly wages of an employee from rm5,000 to rm6,000 per month for. The social security tax limit was increased by 5.2% in 2024, sending the limit from $160,200 in 2023 to $168,600 in 2024.
The social security administration (ssa) has announced a significant increase in the social security tax limit for 2024, raising it by 5.2% to $168,600. In 2024, that limit increases to $168,600.
2024 Social Security Tax Limit Increase Images References :