Social Security payroll tax maximum earnings increases for 2025

Posted On November 9, 2024 by admin

The maximum earnings subject to Social Security for 2025 is $176,100.  That is a 4.45% ($7,500) increase over the 2024 maximum earnings amount for 2024 of $168,600.

Employees (6.2%) and employers (6.2%) contribute equally to the Social Security taxes (12.4%). Thus, an employee who made $176,100 or more in 2024 and will make that much or more in 2024, will pay an additional $465.00 in Social Security taxes for 2025.