This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Each month, the American workforce sees a chunk of their ...

Social Security is facing a financial shortfall that could lead to the program’s inability to pay full benefits to retiring Americans in about a decade. The program operates with two trust funds, one ...

Editor: The wealthy politicians who capped payment of Social Security taxes in 2025 to the first $176,000 of earnings continue to cheat the 99% of us who do not make $1 million a year. A millionaire ...

Social Security relies on payroll tax revenue to stay afloat. Some say that eliminating the wage cap will solve the program’s problems. That solution may not be as effective as people think. Are you ...

Interestingly, the taxable maximum only increases if Social Security had a cost-of-living adjustment (COLA) the previous year. The maximum remained steady from 2009 to 2011 and in 2016, for example — ...

In 2025, you'll pay a Social Security tax of 6.2% on the first $176,100 you earn -- up from the previous cap of $168,600 in 2024. Each year, the Social Security Administration (SSA) looks at the ...

Effective November 30, 2024, there will be an increase to the fee cap representatives can charge for help when you do business with Social Security. The maximum dollar amount for fee agreements ...