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If you earn an income above the wage base limit, no money you make above that threshold is going to be taxed for Social Security. In 2024, the wage base limit was $168,600. In 2025, it will ...
For the Old Age, Survivors and Disability Insurance (OASDI) tax or Social Security tax in the United States, the Social Security Wage Base (SSWB) is the maximum earned gross income or upper threshold on which a wage earner's Social Security tax may be imposed. The Social Security tax is one component of the Federal Insurance Contributions Act ...
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.
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.
Most Americans pay Social Security payroll taxes on all their earned income up to a certain yearly limit, called the "wage base limit." Income earned above the wage base limit is not subject to ...
In 2022, employees had to pay Social Security taxes on annual income up to $147,000. In 2023, the threshold rises to $160,200, meaning neither you nor your employer will have to pay Social ...
Social Security imposes taxes on benefits for people who earn above a certain income -- and that income threshold hasn't changed for decades. Social Security imposes taxes on benefits for people ...
The most immediate impact is related to the income threshold for wages subject to Social Security payroll taxes. In 2023, you have to pay taxes on all wages up to $160,200.
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