In addition to working at least 35 years, to get the maximum benefit possible, you must have earned the maximum taxable income during that time. For 2024, the maximum amount of income that’s subject to Social Security tax is $168,600. That said, only 6% of workers earn more than the ...
https://obamacarefacts.com/premium-tax-credit-form-8962/ Reply Jim Crawford January 4, 2022 at 2:50 pm When you say max income do you mean gross or net. Let’s say a couple filing jointly had income of $68,961. Their gross would be $1 above the max you listed below but AGI ...
In 2024, employees are required to pay a 6.2% Social Security tax (with their employer matching that payment) on income up to $168,600, up from $160,200 in 2023, up from $147,000 in 2022, and up from $142,800 in 2021. The maximum income amount for Social Security tax tends to ...