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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.
This cap is the highest annual income subject to Social Security tax, and the closer your wages are to this limit, the higher your benefit will be. In 2024, the cap is $168,600 per year.
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 retirement earnings test caps the amount of income a beneficiary can earn without penalty while collecting Social Security before reaching full retirement age. In 2025, the agency withholds $1 ...
One limit applies if you claim Social Security before full retirement age (FRA), which is 67 for those born in 1960 or later. Another limit kicks in if you reach FRA in 2025. Another limit kicks ...
For 2025, the Social Security wage base — the cap on earnings subject to Social Security tax — will rise to $176,100, meaning only income up to that amount is taxed for Social Security. Income ...
Social Security won't get the overhaul it needs in 2025, but these three changes could have a big impact on you. ... The earnings limit for 2025 is $176,100. That's up from $168,600 in 2024. This ...
Income Limits 2024. Income Limits 2025. Benefit Reductions. If you're under FRA. $22,320 per year. $23,400 per year. $1 for every $2 over the limit. If you'll reach your FRA this year