Social Security Quarters Of Coverage 2024

Social Security Quarters Of Coverage 2024. These were also known as quarters of coverage (qcs). The amount of earnings required in order to be credited with a quarter of social.

But social security taxes are rising in 2024, too however, some wealthy taxpayers may see higher taxes, as the social security tax wage base in 2024 is rising by 5.2%. The amount of the benefit which can be paid is contingent on the number of earnings years which were over the threshold.