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Social Security's earnings-test limits are rising in 2025. Currently, you can earn up to $22,320 without having your Social Security benefits withheld. In 2025, that threshold is increasing to ...
The general Social Security earnings-test limit in 2025 is $23,400 (up from $22,320 in 2024). You'll have $1 in Social Security withheld for every $2 you earn above that limit.
Just because you collect Social Security benefits doesn't mean you have to stop working. In fact, plenty of Social Security recipients still earn income from work -- but for many, their benefits ...
In 2020, the Social Security Wage Base was $137,700 and in 2021 was $142,800; the Social Security tax rate was 6.20% paid by the employee and 6.20% paid by the employer. [1] [2] A person with $10,000 of gross income had $620.00 withheld as Social Security tax from his check and the employer sent an additional $620.00. A person with $130,000 of ...
The earnings test does not apply if a person is at or beyond the normal retirement age, is under the normal retirement age but has disability payments, or is living outside of the United States and working in a job that is not covered by Social Security. [2]
Specifically, Average Indexed Monthly Earnings is an average of monthly income received by a beneficiary during their work life, adjusted for inflation. Each calendar year, the wages of each covered worker [a] up to the Social Security Wage Base (SSWB) are recorded along with the calendar by the Social Security Administration.
Social Security is funded by a tax set by statute. Employees pay 6.2 percent of their income, up to the maximum income limit ($168,600 in 2024), while your employer kicks in another 6.2 percent of ...
Social Security Fairness Act of 2017 H.R. 1205: February 21, 2017 Rodney Davis (R-IL) 195 Died in committee S. 915: April 24, 2017 Sherrod Brown (D-OH) 27 Died in committee 116th Congress: Social Security Fairness Act H.R. 141: January 3, 2019 Rodney Davis (R-IL) 264 Died in committee Social Security Fairness Act of 2019 S. 560: February 14, 2019