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Read on to see if you qualify for Social Security's biggest possible paycheck in 2025. A pen laying on top of a Social Security card with a $100 bill and glasses. Image source: Getty Images.
The increase in 2025 will perhaps have the biggest impact on those earning between $168,600 and $176,100 per year, as you'll face Social Security tax on income that wasn't previously taxed in 2024.
Importantly, the Social Security payroll tax rate is 6.2% for the vast majority of workers. So, the maximum tax burden in 2025 is $10,918.20. That number is the product of $176,100 multiplied by 6.2%.
Higher earners pay Social Security payroll taxes on just a portion of their income. However, in 2025, that portion is increasing, so many are going to end up owing more Social Security taxes in ...
“Employers are budgeting for average pay raises of around 3.5% to 3.9%, which is a step down from the 4% seen in 2023 and 3.6% this year.” ... withholding for Social Security taxes stops when ...
The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop. ... Enter your birthdate and salary into the SSA's earnings ...
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.
Right now, the Social Security tax rate is 12.4% — 6.2% for the employee, 6.2% for the employer. With this change, employees will pay up to $10,918.20 in 2025, compared to $10,453.20 currently ...