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For 2024, anyone earning $168,600 or more paid the exact same amount of Social Security taxes. The limit for 2025 is $176,100. ... That's because the income limits for Social Security income tax ...
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.
The maximum Social Security benefit will increase in 2025. ... there's a maximum benefit, and for 2024, ... More states might exempt Social Security income from taxation.
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.
For 2024, the Social Security Administration will deduct $1 from benefits for every $2 you earn above the annual limit of $22,320. The rules change during the year you reach your full retirement age.
The maximum amount of earnings subject to the Social Security payroll tax increased to $168,600 in 2024 from $160,200 in 2023, which mainly impacts people with high salaries. Workers pay a 7.65% ...
The maximum amount of earnings subject to the Social Security payroll tax will increase to $168,600 in 2024 from $160,200 in 2023, which will mainly impact those with high salaries. Workers pay a ...
Starting in 2024, the maximum taxable earnings will be $168,600. The vast majority of Americans earn less than $160,000 so this increase will impact only a small percentage of six-figure workers.