2025 Social Security Taxable Maximum Changes: What High Earners Need to Know
Starting January 1, 2025, the Social Security Administration (SSA) will raise the taxable maximum—also known as the income cap on which Social Security taxes are levied—from $168,600 to $176,100. This increase of 4.45% means that high-income earners will be taxed on a larger portion of their earnings, leading to an uptick in Social Security contributions. … Read more