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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.
This limit is the highest income subject to Social Security taxes, and you'll need to consistently reach this cap to earn the maximum possible benefit amount. In 2024, the limit is $168,600 per year.
The general Social Security earnings-test limit in 2025 is $23,400 (up from $22,320 in 2024). ... So if you earn $200,000 a year, you won't pay Social Security taxes on your last $23,900 of income.
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 ...
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 most notable change to Social Security benefits in 2025 should be good news. ... More income will be subject to Social Security taxes in 2025. ... up from the $168,600 limit in 2024. This ...
For the 2024 and 2025 tax years, your Social Security income isn’t taxed if your income falls below the following thresholds: $75,000 for married couples filing separately $100,000 for single or ...
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 ...