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Social Security Wage Base 2025 Projections. Social Security Wage Base 2025 Projection Psychology Ashley Taylor Projected Social Security wage base information as provided by the SSA in May 2024 but Mercer has projected these amounts based on the increase in the taxable wage base to $176,100 for 2025 from $168,600 for 2024

Thursday, October 10, that the 2025 social security wage base will be $176,100, an increase of $7,500 from $168,600 in 2024 The OASDI tax rate for wages paid in 2025 is set by statute at 6.2 percent for employees and employers, each

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Thus, an individual with wages equal to or larger than $176,100 would contribute $10,918.20 to the OASDI program in 2025, and his or her employer would contribute the same amount. At the 6.2% rate, the maximum Payroll would withhold from each employee's wages for Social Security tax would reach $10,843.80. The amount, an increase from $168,600 in 2024, is the wage base limit that applies to earnings subject to the 6.2% OASDI tax (old age, survivors, and disability insurance).

Social Security Wage Base 2025 Projection Psychology Ashley Taylor. Other 2025 Social Security amounts are tied to the 4.43% increase in average annual wages from 2022 to The formal announcement of the 2025 wage base will not come until mid-October.

Social Security Max Allowed 2025 2025 Renata Brooke. That'd be a $6,300 increase from the current number of $168,600 Using the "intermediate" projections, the board projects the social security wage base will be $174,900 in 2025 (up from $168,600 this year) and will increase to $242,700 by 2033