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In 2025, you’ll pay the tax on work income up to $176,100 (up from $168,600 in 2024). Earnings above that threshold are not taxed for the purpose of funding Social Security, nor is any income ...
Medicare Part B premiums, which many retirees have deducted from their Social Security checks, are set to increase in 2025. The standard monthly premium will rise to $185, up from $174.70 in 2024.
Some workers will pay more Social Security taxes in 2025. ... The maximum taxable earnings limit is $168,600 in 2024, but that figure will rise to $176,100 in 2025 to account for increases in the ...
In 2025, Social Security will tax wages up to $176,100, up from $168,600 in 2024. The change takes effect in January 2025, though the tax rate on those wages, 6.2 percent, will remain the same.
The Centers for Medicare and Medicaid Services (CMS) announced that 2025 monthly Part B premiums will climb to $185, an increase of $10.30 from $174.70 in 2024.
For people who earned between $168,600 and $176,100 in 2024 and will continue to earn that amount in 2025, this new wage base limit means that more of their income will be subject to Social ...
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 ...
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.