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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 earnings test: How your benefits could be ...

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

   Employees pay 6.2 percent of their income, up to the maximum income limit ($168,600 in 2024), while your employer kicks in another 6.2 percent of your salary. ... which depends on their birth year ...

4. Here's the Maximum Possible Social Security Benefit at ... - AOL

   www.aol.com/heres-maximum-possible-social...

   The Social Security Administration adjusts the amount each year for inflation. For 2024, anyone earning $168,600 or more paid the exact same amount of Social Security taxes. The limit for 2025 is ...

5. Retirement earnings test (US) - Wikipedia

   en.wikipedia.org/wiki/Retirement_earnings_test_(US)

   The test only applies to people who are below the normal retirement age, which ranges from 65 to 67 years old, depending on the person's year of birth.For beneficiaries working before the calendar year in which they reach the Normal Retirement Age, current benefits are reduced by $1 for every $2 in wages over the lower bracket amount.

6. Here's the Average and Maximum Social Security Benefit ... - AOL

   www.aol.com/finance/heres-average-maximum-social...

   Year. Average Monthly Benefit Among Retired Workers. Maximum Monthly Benefit at Full Retirement Age. 2014. $1,294. $2,642. 2015. $1,329. $2,663. 2016. $1,342. $2,639

7. Some People Born in 1959 Will Reach a Major Social Security ...

   www.aol.com/finance/people-born-1959-reach-major...

   Birth Year. Full Retirement Age (FRA) 1943 to 1954. 66. 1955. 66 and 2 months. 1956. 66 and 4 months. 1957. 66 and 6 months. 1958. 66 and 8 months. 1959. 66 and 10 months

8. What to know about Social Security's full retirement age in 2025

   www.aol.com/know-social-securitys-full...

   But Social Security benefits are designed to replace about 40% of a person's working income. Gen X, meanwhile, is also shaping up to hit retirement without enough saved for their golden years.

9. This Is the Average Social Security Benefit at Age 72 - AOL

   www.aol.com/average-social-security-benefit-age...

   Image source: The Motley Fool. Using your PIA, Social Security then calculates your monthly benefit based on when you claim relative to your full retirement age.. Delaying benefits past your full ...