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Table of Contents
1 Topic No. 751 Social Security and Medicare Withholding Rates
- Author: irs.gov
- Published: 04/09/2022
- Review: 4.89 (837 vote)
- Summary: · The wage base limit is the maximum wage that’s subject to the tax for that year. For earnings in 2022, this base is $147,000
- Detail: https://www.irs.gov/taxtopics/tc751
2 What Is the Social Security Wage Base? | 2022 Taxable Limit
- Author: patriotsoftware.com
- Published: 02/06/2022
- Review: 4.67 (452 vote)
- Summary: · 2022, $147,000 ; 2021, $142,800 ; 2020, $137,700 ; 2019, $132,900
- Detail: https://www.patriotsoftware.com/blog/payroll/social-security-wage-base/
3 Should We Eliminate the Social Security Tax Cap? Here Are the
- Author: pgpf.org
- Published: 03/11/2022
- Review: 4.46 (251 vote)
- Summary: · The limit on annual earnings subject to Social Security taxes is referred to as the taxable maximum or the Social Security tax cap. For 2021
- Detail: https://www.pgpf.org/blog/2022/02/should-we-eliminate-the-social-security-tax-cap-here-are-the-pros-and-cons
4 What Is the Social Security Tax Limit? – US News Money
- Author: money.usnews.com
- Published: 12/21/2021
- Review: 4.39 (253 vote)
- Summary: · The Social Security tax limit is the maximum amount of earnings subject to Social Security tax. The Social Security taxable maximum is $142,800
- Detail: https://money.usnews.com/money/retirement/social-security/articles/what-is-the-social-security-tax-limit
5 Social Security & FICA – OPA – NYC.gov
- Author: www1.nyc.gov
- Published: 10/02/2021
- Review: 4.16 (370 vote)
- Summary: The Social Security portion of FICA is 6.2% of the maximum taxable wages. If you reach the maximum payment, you do not pay any more Social Security tax until
- Detail: https://www1.nyc.gov/site/opa/taxes/social-security-fica.page
6 Social Security wage base, COLA set for 2022
- Author: journalofaccountancy.com
- Published: 01/09/2022
- Review: 3.91 (354 vote)
- Summary: · An increase from $142,800 for 2021, the wage base limit applies to earnings subject to the tax, known officially as the old age, survivors, and
- Detail: https://www.journalofaccountancy.com/news/2021/oct/ssa-2022-tax-wage-base-benefit-cola.html
7 Social Security Maximum Taxable Earnings 2022
- Author: thebalancesmb.com
- Published: 03/07/2022
- Review: 3.79 (404 vote)
- Summary: · There is no maximum taxable income for Medicare withholding. What Is Social Security Withholding? The Social Security tax is a federal tax
- Detail: https://www.thebalancesmb.com/annual-maximum-social-security-tax-updated-398473
8 2022 Social Security Tax Limit – Investopedia
- Author: investopedia.com
- Published: 02/03/2022
- Review: 3.42 (411 vote)
- Summary: Any income you earn beyond the wage cap amount is not subject to a 6.2% Social Security payroll tax. For example, an employee who
- Detail: https://www.investopedia.com/2021-social-security-tax-limit-5116834
9 2022 Social Security Taxable Wage Base and Limit – Paycor
- Author: paycor.com
- Published: 12/01/2021
- Review: 3.25 (437 vote)
- Summary: · The Social Security limit is $147,000 for 2022, meaning any income you make over $147,000 will not be subject to social security tax. Given
- Detail: https://www.paycor.com/resource-center/articles/social-security-taxable-wage-base/
10 Maximum Social Security Tax in 2021 – Finance Strategists
- Author: learn.financestrategists.com
- Published: 10/08/2021
- Review: 3.02 (543 vote)
- Summary: · This wage base limit is currently set at $142,800 for 2021 and affects social security taxes paid by employers and employees. This is because
- Detail: https://learn.financestrategists.com/finance-terms/maximum-social-security-tax-in-2021/
11 Contribution and Benefit Base – Social Security
- Author: ssa.gov
- Published: 02/12/2022
- Review: 2.87 (103 vote)
- Summary: The OASDI tax rate for self-employment income in 2022 is 12.4 percent. For Medicare’s Hospital Insurance (HI) program, the taxable maximum was the same as that
- Detail: https://www.ssa.gov/oact/cola/cbb.html
12 The Maximum Social Security Benefit Explained – AARP
- Author: aarp.org
- Published: 12/17/2021
- Review: 2.83 (142 vote)
- Summary: The maximum taxable income in 2022 is $147,000. The figure is adjusted annually based on changes in national wage levels, and thus the maximum benefit changes
- Detail: https://www.aarp.org/retirement/social-security/questions-answers/maximum-ss-benefit.html
13 Social Security wage base increases to $142,800 for 2021
- Author: tax.thomsonreuters.com
- Published: 02/17/2022
- Review: 2.66 (155 vote)
- Summary: · 6.2% Social Security tax on the first $142,800 of wages (maximum tax is $8,853.60 [6.2% of $142,800]), plus · 1.45% Medicare tax on the first
- Detail: https://tax.thomsonreuters.com/news/social-security-wage-base-increases-to-142800-for-2021/
14 Social Security: What Are Maximum Taxable Earnings, and What
- Author: gobankingrates.com
- Published: 03/31/2022
- Review: 2.53 (167 vote)
- Summary: · During the time you work, there is a limit on the amount of your earnings that can be taxed by Social Security. This amount is known as the
- Detail: https://www.gobankingrates.com/retirement/social-security/social-security-what-are-maximum-taxable-earnings-and-what-are-they-for-2022/
15 Social Security Wage Base 2021 and Updated for 2022 – UZIO Inc
- Author: uzio.com
- Published: 12/30/2021
- Review: 2.54 (168 vote)
- Summary: The Social Security Administration announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for 2021)
- Detail: https://www.uzio.com/resources/social-security-wage-base-2021-and-estimation-for-2022/
16 2021 Wage Cap Rises for Social Security Payroll Taxes – SHRM
- Author: shrm.org
- Published: 07/17/2022
- Review: 2.34 (168 vote)
- Summary: · Starting Jan. 1, 2021, the maximum earnings subject to the Social Security payroll tax will increase by $5,100 to $142,800—up from the
- Detail: https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/2021-wage-cap-rises-modestly-for-social-security-payroll-taxes.aspx
17 What is the maximum Social Security tax in 2021? Is there … – AS USA
- Author: en.as.com
- Published: 09/19/2021
- Review: 2.25 (171 vote)
- Summary: · The maximum taxable amount for the Social Security tax is $142,800 in 2021. Likewise, the 2.9 percent Medicare’s Hospital Insurance tax is split
- Detail: https://en.as.com/en/2021/11/05/latest_news/1636083028_993740.html
18 Increase the Maximum Taxable Earnings for the Social Security
- Author: cbo.gov
- Published: 03/18/2022
- Review: 2.15 (151 vote)
- Summary: · Earnings up to a maximum ($137,700 in calendar year 2020) are taxed at a rate of 12.4 percent. In 2018, about 83 percent of earnings from
- Detail: https://www.cbo.gov/budget-options/56862
19 Maximum Social Security Taxes Will Increase 2.9%, While Benefits
- Author: forbes.com
- Published: 06/17/2022
- Review: 2.05 (196 vote)
- Summary: · First the wage base news. The maximum amount of earnings subject to Social Security tax will rise 2.9% to $147,000, from $142,800 in 2021
- Detail: https://www.forbes.com/sites/ashleaebeling/2021/10/13/maximum-social-security-taxes-will-increase-29-while-benefits-will-rise-59-in-2022/
20 What’s the Maximum Social Security Tax in 2021? | The Motley Fool
- Author: fool.com
- Published: 02/02/2022
- Review: 1.89 (145 vote)
- Summary: · If you earn $142,800 per year in 2021, the maximum you’ll pay in Social Security taxes is 6.2% of your income, or $8,853.60 per year. Your
- Detail: https://www.fool.com/retirement/2021/01/02/whats-the-maximum-social-security-tax-in-2021/
21 The Social Security tax cap kicks in at this salary figure in 2021
- Author: cnbc.com
- Published: 03/24/2022
- Review: 1.93 (125 vote)
- Summary: · In 2021, you will pay Social Security taxes on all of your income up to $142,800. That is a $5,100 increase from the 2020 wage-based cap
- Detail: https://www.cnbc.com/2021/01/07/social-security-tax-cap-2021-heres-how-much-you-will-pay.html
22 State and Federal Fast Wage and Tax Facts – ADP
- Author: adp.com
- Published: 12/15/2021
- Review: 1.82 (87 vote)
- Summary: FICA (Social Security) · Maximum Taxable Earnings (Increased from $142,800 in 2021). $147,000 · Employee / Employer Tax Rate(Unchanged from 2021). 6.20%
- Detail: https://www.adp.com/resources/tools/tax-guides-and-forms/state-and-local-tax-guides/state-tax-guide.aspx
23 What are Social Security Wages (W-2)? | BambooHR
- Author: bamboohr.com
- Published: 01/06/2022
- Review: 1.72 (163 vote)
- Summary: When an employee reaches the earnings limit, no more Social Security tax is withheld for the year. At 2021 rates, $142,800 would require $8,853.60 (total for
- Detail: https://www.bamboohr.com/hr-glossary/social-security-wages/
