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Each year, workers pay taxes on income up to a specific amount, called the wage base limit. In 2024, the limit is $168,600 annually, however, limits increase over time based on wage growth.
The general Social Security earnings-test limit in 2025 is $23,400 (up from $22,320 in 2024). You'll have $1 in Social Security withheld for every $2 you earn above that limit.
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.
You might think you have it all down to a science, but unless you are an expert in taxes, you might not be getting the most out of the tax-paying process — especially with the new Social ...
Every year, the government makes adjustments to the program that help it take in greater tax revenue and increase benefits available to retirees, among other things. The big Social Security news ...
The Social Security 2024 COLA increase was a lower 3.2%. ... The country began paying taxes into the program starting in 1937. ... test calculator to see how your earnings before retirement might ...
The increase in 2025 will perhaps have the biggest impact on those earning between $168,600 and $176,100 per year, as you'll face Social Security tax on income that wasn't previously taxed in 2024.
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.