How a 17.5% Social Security Tax Could Impact Your Paycheck in 2024

How a 17.5% Social Security Tax Could Impact Your Paycheck in 2024

There has been a lot of talk about the possibility of increasing the Social Security tax rate from the current 12.4% to 17.5%. This change could impact workers, retirees, and businesses, and it has been suggested to help solve the growing problem of funding Social Security in the future. However, as of now, this increase … Read more

Social Security Earnings and Tax Cap Increases in 2025 Explained

Social Security Earnings and Tax Cap Increases in 2025 Explained

In 2025, Social Security will make some important changes to earnings limits and tax ceilings. These changes will affect both retirees and people still working while receiving Social Security benefits. If you are nearing full retirement age (FRA) or already receiving benefits, it’s essential to understand how these changes may impact your finances. Updates to … Read more