2025

Fica Maximum 2025

Fica Maximum 2025. According to the intermediate projection issued in a may 2024 report, the social security taxable wage next year will be $174,900. The maximum income amount for social security tax tends to follow inflation up every year.


Fica Maximum 2025

The board projects that the 2025 tax limit would rise to $174,900. In other words, if you make $168,600, your maximum fica tax will be.

We Call This Annual Limit The Contribution And Benefit Base.

The maximum annual earnings that are subject to social security tax in 2023 is $160,200, for a total tax of $9,932.40.

While It Seems You Pay An Awful Lot, There Is A.

For 2024, the amount is $168,600, for a total tax of $10,453.20.

Since Fica Takes A Big Part Of Those Taxes, You Might Wonder What Itโ€™s Used For And How Much Is Required To Pay.

Images References :

The Taxable Wage Base Estimate Has Been Released, Providing You With Key Numbers.

Fica is a 15.3% payroll tax that funds social security and medicare.

For Earnings In 2024, This Base Is $168,600.

In other words, if you make $168,600, your maximum fica tax will be.

The Maximum Annual Earnings That Are Subject To Social Security Tax In 2023 Is $160,200, For A Total Tax Of $9,932.40.