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Year. Social Security's Taxable Earned Income Ceiling. Year. Social Security's Taxable Earned Income Ceiling. 1984. $37,800. 2005. $90,000. 1985. $39,600. 2006. $94,200
The maximum Social Security retirement benefit in 2025 will be $5,108 per month, or the equivalent of $61,296 per year. ... 2006. $94,200. 1982. $32,400. 2007. $97,500. 1983. ... Once you learn ...
2006. $94,200. 1986. $42,000. 2007. $97,500. 1987. ... Social Security's maximum monthly benefit has also grown in step with inflation. In 1974, the most anyone could possibly collect from the ...
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.
The Average Indexed Monthly Earnings (AIME) is used in the United States' Social Security system to calculate the Primary Insurance Amount which decides the value of benefits paid under Title II of the Social Security Act under the 1978 New Start Method. Specifically, Average Indexed Monthly Earnings is an average of monthly income received by ...
2006. $94,200. 1982. $32,400. 2007. $97,500. 1983. ... If you're in line for the maximum possible Social Security benefit, that means you've earned a relatively high salary for at least 35 years ...
Maximizing Social Security only magnifies the benefits of delaying until age 70. ... 2006. $94,200. 1982. $32,400. 2007. $97,500. ... Here's the maximum possible Social Security benefit at ages 62 ...
Collecting the maximum Social Security benefit does not require you to earn millions of dollars each year as there's an annual limit on the amount of individual wages the government taxes for the ...