The Social Security Administration (SSA) announced on Thursday, Oct. 10, that individual taxable earnings of up to $176,100 per year will be subject to Social Security tax in 2025.
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).
At or above the wage base limit, the employee and the employer each will pay $10,918.20 in tax, an increase of $465 for each party in 2025.
The SSA also announced a cost-of-living adjustment (COLA) of 2.5% for both Social Security and Supplemental Security Income (SSI) benefits beginning in January 2025. Learn more.