Social Security is a crucial income source for millions of Americans. Understanding annual changes is essential for solid ...

For higher wage earners, the 2025 Social Security salary cap increase could mean having more income counted towards your ...

Since the Social Security taxable wage base limit is $132,900, and the Social Security tax rate is 6.2 percent, the amount that is shown in this box should not exceed $8,239.80.

Social Security recently reached an important milestone: In May 2025, average benefits climbed to over $2,000 per month for the first time. That means the typical senior can expect around $24,000 in ...

Today, Social Security’s trust funds have a combined reserve of $2.7 trillion, and spending has exceeded revenue since 2021.