What changes are being made to Form W-2 PR for the tax year 2024?

The W-2 PR form has some changes in the base limit of wages, withheld, and contributions. They are listed below,

• Social Security wage base limit for TY 2024 is changed to $160,200 from $147,000
• Social Security withheld is changed to $9,932.4 from $9,114.00
• Contributions to CODA PLANS cannot exceed $30,000