Maximum Social Security Tax 2022

hindkunj.com

CREDIT GETIMAGE

In 2022, the Social Security tax limit is $147,000 (up from $142,800 in 2021). 

CREDIT GETIMAGE

The most extreme measure of Federal retirement aide charge a worker will have kept from their check in 2022 will be $9,114 ($147,000 x 6.2%).

CREDIT GETIMAGE

Are You on Track to Reach the $4,194 Max Social Security Benefit?

CREDIT GETIMAGE

there are two things you must do: Earn the inflation-adjusted equivalent of $147,000 for 35 years Claim Social Security at 70

CREDIT GETIMAGE

What is the current FICA rate?

CREDIT GETIMAGE

Right now the FICA tax rate is 7.65% of employees' income, plus an employer match of 7.65%.

CREDIT GETIMAGE

What is the FICA wage limit?

CREDIT GETIMAGE

For the 2022 tax year, the wage base limit is $147,000. Accordingly, the top level augmentation a worker will make to Government-backed retirement charge in 2022 is: $147,000 x 6.2% = $9,114.00

CREDIT GETIMAGE

Next steps

Maximum Social Security Tax 2022: What To Know About Social Security If You’re in Your 60s?

3

share the story

A

click here for more information