Some Workers Will Pay More Social Security Tax Next Year. Are You One of Them?
Most workers pay Social Security taxes on all of their earnings. Some workers don't. The people who do not pay Social Security taxes on every dollar they make are higher earners. The reason they aren't taxed on all they earn is because of the "wage base limit."
The wage base limit is going up in 2024. Here's what that means and who will pay higher taxes because of it.
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Source Fool.com