Contribution and Benefit Base - The United States Social Security ...
We call this annual limit the contribution and benefit base. This amount is also commonly referred to as the taxable maximum. For earnings in 2025, this base is $176,100. The OASDI tax rate for wages paid in 2025 is set by statute at 6.2 percent for employees and employers, each.
Topic no. 751, Social Security and Medicare withholding rates
Only the Social Security tax has a wage base limit. The wage base limit is the maximum wage that's subject to the tax for that year. For earnings in 2025, this base limit is $176,100.
Social Security Wage Base - Wikipedia
For the Old Age, Survivors and Disability Insurance (OASDI) tax or Social Security tax in the United States, the Social Security Wage Base (SSWB) is the maximum earned gross income or upper threshold on which a wage earner's Social Security tax may be imposed.
Social Security wage base announced for 2025 - Journal of …
Oct 11, 2024 · Individual taxable earnings of up to $176,100 annually will be subject to Social Security tax in 2025, the Social Security Administration (SSA) said Thursday. The amount, an increase from $168,600 in 2024, is the wage base limit that applies to earnings subject to the 6.2% OASDI tax (old age, survivors, and disability insurance).
Contribution and Benefit Base Determination - The United States Social …
The formula for determining the OASDI contribution and benefit base is set by law. The formula is applicable only if a cost-of-living increase becomes effective for December of the year in which a determination of the base would ordinarily be made.
2025 Social Security Wage Base | Overview of the Taxable Limit
Dec 2, 2024 · The 2025 Social Security wage base is $176,100, up from the 2024 limit of $168,600. After an employee earns above the annual wage base, do not withhold money for Social Security taxes. And, don’t contribute anything else.
Employers: In 2025, the Social Security wage base is going up
Dec 26, 2024 · The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $176,100 in 2025 (up from $168,600 for 2024). Wages and self-employment income above this amount aren’t subject to Social Security tax.
SSA Announces Social Security Taxable Wage Base for 2025
Oct 16, 2024 · The Social Security Administration (SSA) has announced the annual cost-of-living adjustment to the maximum amount of earnings subject to Social Security tax (i.e., the taxable wage base). For 2025, that amount will be $176,100 (up from $168,600 for 2024).
Social Security Wage Base Increases to $176,100 for 2025
Oct 10, 2024 · The Social Security Administration (SSA) announced on Thursday, October 10, that the 2025 social security wage base will be $176,100, an increase of $7,500 from $168,600 in 2024. As in prior years, there is no limit to the wages subject to the Medicare tax; therefore, all covered wages are subject to the 1.45% tax.
Taxable Wage Base: Overview and Example - Investopedia
Oct 30, 2023 · The taxable wage base is also known as the Social Security wage base. The maximum amount of income that taxpayers must pay Social Security tax on is $160,200 in 2023 and $168,600 in 2024.