Maximum Social Security Tax 2022

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The maximum taxable income for Social Security in 2022 was $147,000, which will increase the maximum taxable income for Social Security for 2023 to be $160,200.

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What is the current FICA rate?

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The FICA tax rate is currently 7.65% of employees' income. This tax is split between 6.2% for Social Security and 1.45% for Medicare.

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When is Social Security not taxable?

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If your total income is less than $25,000, you are not subject to Social Security taxes.

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How Much Social Security Income Is Taxable?

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It is typical for Social Security benefits to be 85% taxable, especially for clients with high income sources in retirement. Taxable Social Security can be 0%, 50% or 85% taxable, depending on income level.

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Maximum Social Security Tax 2022

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