Earn Big? You’ll Pay More! Social Security Tax Cap Jumps in 2025
The Social Security Administration (SSA) has officially announced an increase to the maximum taxable wage limit for 2025, raising it from $168,600 in 2024 to $176,100. This 4.4% increase means high earners will see a larger portion of their income subject to the 6.2% Social Security payroll tax starting next year. For employees, the Social…