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Social Security Wage Base 2024
Hello,
What is the social security wage base for 2024? On my W2, box 1, there is higher amount than box 3 (a little over $6,000). Does this mean that anything above the SS wage base is then subject to federal income tax and therefore reported in box 1 (hence the larger amount). Please explain.
Thank You.
‎February 8, 2025
11:36 AM