Here Are Two Major Social Security Changes Retirees Need to Know Heading Into 2025
The annual wage base limit is the maximum amount of your income subject to Social Security payroll taxes. For 2025, the new wage base limit is $176,100. This means any dollar over that amount is exempt from Social Security payroll taxes, which are either 6.2% if you have an employer or 12.4% if you're self-employed.