Social Security Max Contribution 2024 Over 50. The sss contribution table is crucial in determining your monthly social security contributions based on your monthly salary credit (msc). The wage base or earnings limit for the 6.2% social security tax rises every year.
Single filers with a combined income of $25,000 to $34,000 must pay income taxes on up to 50% of their social security benefits. 5.8 million people were newly awarded social security.