2025 Max Fica Wages. It breaks down into 12.4% of earned income up to an annual limit that must be paid into social security and. The maximum income amount for social security tax tends to follow inflation up every year.
In other words, if you make $168,600, your maximum fica tax will be. Listed below are the maximum taxable earnings for social security by year from 1937 to the present.
This Amount Is Known As The “Maximum Taxable Earnings” And Changes Each.
The rate is for both employees and employers, according to the internal revenue code.
The Maximum Fica Tax Rate For 2024 Is 6.2%.
The taxable wage base estimate has been released, providing you with key numbers.
2025 Max Fica Wages Images References :
It Breaks Down Into 12.4% Of Earned Income Up To An Annual Limit That Must Be Paid Into Social Security And.
Thus, an individual with wages equal to or larger than $168,600.
The Rate Is For Both Employees And Employers, According To The Internal Revenue Code.
The maximum income amount for social security tax tends to follow inflation up every year.