Social Security Tax Increase 2025
Social Security Tax Increase 2025. The social security administration recently announced that the wage base for computing social security tax will increase to $176,100 for 2025 (up from $168,600 for 2024). 2025 social security tax limit increase.
The social security wage base for 2025 is set to increase to $176,100, impacting income subject to social security tax. The current tax rate for social security is 6.2% paid by employees and 6.2% paid by employers, so that means these workers and their employers could each owe an extra $465 per year if they make.
