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2. Social Security Wage Base - Wikipedia

   en.wikipedia.org/wiki/Social_Security_Wage_Base

   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. [1] [2] A person with $10,000 of gross income had $620.00 withheld as Social Security tax from his check and the employer sent an additional $620.00. A person with $130,000 of ...

3. Social Security (United States) - Wikipedia

   en.wikipedia.org/wiki/Social_Security_(United...

   Maximum Earnings taxed OASDI Tax rate Medicare Tax Rate ... pay an average federal income tax of −9.3% and −2.6% of income and Social Security taxes of 8.3% and 7 ...

4. What Is the Maximum Taxable Income for Social Security ... - AOL

   www.aol.com/finance/maximum-taxable-income...

   Two other suggested provision aims to apply the OASDI 12.4% payroll tax rate on earnings above $250,000 or $300,000 starting in 2023, which would tax all earnings once the taxable maximum exceeds ...

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

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

   The same annual limit also applies when those earnings are used in a benefit computation,” the SSA detailed. According to the annual report, for 2023, the wage base will be $155,100 — up from ...

6. What Is the OASDI Tax on Your Paycheck? - AOL

   www.aol.com/oasdi-tax-paycheck-181333461.html

   The OASDI program funds Social Security, which is the largest income-maintenance program in the United States. ... as it limits the amount of earnings subject to taxation within a set year.

7. 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.

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

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

   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.

9. Social Security: 7 Must-Know Facts for 2022 - AOL

   www.aol.com/finance/social-security-7-must-know...

   On your paycheck, OASDI taxes take out 6.2% for Social Security and 1.45% for Medicare, for a total of 7.65%. ... The Social Security Earnings Limit, not to be confused with the wage base, is the ...