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  2. Social Security Wage Base - Wikipedia

    en.wikipedia.org/wiki/Social_Security_Wage_Base

    It is also the maximum amount of covered wages that are taken into account when average earnings are calculated in order to determine a worker's Social Security benefit. 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.

  3. Social Security 2025: There's Good and Bad News Coming ... - AOL

    www.aol.com/social-security-2025-theres-good...

    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.

  4. Average Indexed Monthly Earnings - Wikipedia

    en.wikipedia.org/wiki/Average_Indexed_Monthly...

    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. If a worker has 35 or fewer years of earnings, then the Average Indexed Monthly Earnings is the numerical average of those 35 years of covered wages; with zeros used to ...

  5. Social Security Is Getting a Shakeup in 2025. Here's What to ...

    www.aol.com/social-security-getting-shakeup-2025...

    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.

  6. Social Security benefits in 2025: 5 big changes retirees ...

    www.aol.com/finance/social-security-benefits...

    In 2024, the maximum earnings subject to Social Security taxes was $168,600. This means workers paying into the system are taxed on wages up to this amount, typically at the 6.2 percent rate.

  7. Social Security: What Is the Wage Base for 2023? - AOL

    www.aol.com/finance/social-security-wage-2023...

    The Board of Trustees of the Social Security Trust Fund released its “2022 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance ...

  8. 3 Key Social Security Changes Coming in 2025 Besides ... - AOL

    www.aol.com/3-key-social-security-changes...

    Why it matters: The RET limits are adjusted annually based on the average wage level, with the result that early claimers (i.e., workers who collect Social Security before FRA) can typically earn ...

  9. New Year, New Rules: 5 Major Social Security Changes for 2025

    www.aol.com/rules-5-major-social-security...

    The Social Security earnings test withholds benefits from workers under their FRA who claim checks while earning an income over a certain threshold. In 2024, you lose $1 for every $2 you earn over ...