Social Security is a major source of income for 74M Americans — but how far does the average check go? See average benefits ...

Different provisions of the GOP tax and spending bill will kick in over the next year or so. Many are set to expire just ...

In 2025, the Social Security tax cap rises to $176,100, marking a $7,500 increase from 2024. This change impacts individuals earning between $168,600 and $176,100, who will now pay taxes on a ...

Each year, there’s a wage cap established that determines how much income is taxed to fund Social Security. This year, that cap is $176,100. It’s likely to keep rising over time.

Social Security's trust fund is in danger of insolvency by 2035 unless strong measures ... Lifting the $176,100 FICA earnings cap so that higher earners who will draw benefits in the future ...

The current cap on taxable income which is subject to the SS tax is $176,100.00. I meet many retired people who are concerned that SS is going to go broke soon, but they don't know about the cap.

One proposed solution is to eliminate the salary cap on Social Security taxes. Currently, only income up to a certain limit, $176,100 for this year, is subject to these taxes.