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Social Security limits the amount of wages that it taxes each year based on inflation and wage growth. In 2024, Social Security's wage cap was $168,600. In 2025, it's $176,100.
To get the maximum $5,108 Social Security payment in 2025, you'll not only need to have at least 35 years of maximum earnings, but you'll need to claim your benefit at age 70 -- not a month sooner.
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 ...
The SSA adjusts the maximum amount of income subject to Social Security tax annually. In 2025, this amount — also known as the contribution and benefit base or taxable maximum — increases from ...
It's not a given that you'll pay Social Security taxes on your entire salary. Each year, there's a wage cap put in place that determines how much income is taxed to fund the program. In 2025, that ...
Social Security's earnings-test limits are rising in 2025. Currently, you can earn up to $22,320 without having your Social Security benefits withheld. In 2025, that threshold is increasing to ...
Because of some inflation-related tweaks to the way Social Security is calculated and how past years' earnings are indexed for inflation, the maximum in 2025 will be $4,018 per month, or more than ...
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.