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 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 …

Jan 2, 2025 · 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 …

Listed below are the maximum taxable earnings for Social Security by year from 1937 to the present.

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 …

For the years after 1981, the maximum wage amount is usually increased by Congress. If Congress does not increase the maximum amount, it is automatically increased in multiples 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 …

Oct 15, 2024 · For 2025, the SSA has set the COLA at 2.5%. The Social Security tax limit will increase by about 4.4% in 2025. Both of these amounts are adjusted annually for inflation. …

Nov 18, 2024 · 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). …

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 …