For 2025, Social Security recipients who haven’t reached full retirement age (FRA) can earn up to $23,400 — an increase from ...

Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there's currently a $10,000 limit on the SALT deduction for filers who itemize tax breaks.This cap will expire after 2025 without changes ...

Currently, many pass-through businesses use a workaround — the pass-through entity, or PTE, tax — to bypass the $10,000 limit on the federal deduction for state and local taxes, known as SALT.

The Windfall Elimination Provision (WEP) impacted several workers and their spouses. Traditionally, a young person's first job is not as a government worker but as a waitress, delivery worker ...

Last year, the wage cap (limit on taxable earnings) was $168,600. In 2025, it increased to $176,100. Earners of more than $176,100 will not have to pay more than $10,918 in Social Security taxes ...

For 2025, investors can save more with higher 401(k) plan limits. Employees can defer $23,500 into 401(k) plans, up from $23,000 in 2024. The catch-up contribution limit is $7,500 for workers ages ...

That inequity is part of what the now-repealed Windfall Elimination Provision attempted to address. ... plus an equal employer contribution, for an effective tax rate of 1 percent; ...