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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). ... In 2025, that cap is $176,100, up from $168,600 in 2024. ... you won't pay Social Security taxes ...
For 2025, the Social Security wage base — the cap on earnings subject to Social Security tax — will rise to $176,100, meaning only income up to that amount is taxed for Social Security.
The employer Social Security tax rate and the Social Security Wage Base were not directly impacted by this act, though they did change; only the employee's tax rate changes. This is reflected in the above table, showing the reduction from $6,621.60 to $4,485.60.
The wage base limit in 2025 is $176,100, so if 2025 will be one of the years used to determine your monthly Social Security benefit, that's the minimum amount you can earn and still be eligible ...
The following changes will affect monthly benefits as well as Social Security payroll taxes. ... amount of your income subject to Social Security payroll taxes. For 2025, the new wage base limit ...
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 ...
Only 9 States Will Tax Social Security in 2025. Only nine states do or will continue to tax Social Security benefits in 2025. These include: Colorado. Connecticut. Minnesota. Montana. New Mexico ...