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In 2024, that income would have been over the $59,520 annual limit, reducing your monthly payments. Starting in 2025, though, your earnings will fall below the new $62,160 annual limit -- assuming ...
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.
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.
More income will be subject to Social Security taxes in 2025 Most U.S. workers spend their careers paying Social Security payroll taxes. If you have an employer, both of you split the 12.4% Social ...
Data source: Social Security Administration, 2023 Annual Statistical Supplement. *As of November 2024. 2. Higher earners will pay more. Maximum taxable earnings also tend to rise each year, and in ...
In 2024, your income exceeds the limit by $7,680 -- reducing your benefits by $3,840 per year, or $320 per month. However, assuming your income doesn't change in 2025, those wages will only be ...
Data source: Social Security Administration, The Senior Citizens League. Payments have been rounded to the nearest dollar. 2. Social Security's full retirement age will increase in 2025
Data source: Social Security Administration. Pre-COLA amounts reflect the average benefit paid out in November. 2. Some workers will pay more Social Security taxes in 2025
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