Did Social Security Tax Increase 2024. In 2023, you paid social security taxes on work income up to $160,200. Based on current projections, the maximum income subject to social security tax is likely to increase to around $174,900 or $175,500 in 2025.
Trump has also called for other costly tax cuts on the campaign trail, including cutting the corporate tax rate to 15 percent, exempting tips from taxes and not taxing social. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.
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