Medicare and Social Security go-broke dates pushed up due to rising health care costs, new SSA law BY Associated Press Washington, D.C. UPDATED 5:08 PM ET Jun. 20, 2025 ...

Since the Social Security taxable wage base limit is $132,900, and the Social Security tax rate is 6.2 percent, the amount that is shown in this box should not exceed $8,239.80.

However, this does not apply to all situations. Not everyone who lives in the states that tax Social Security income face the ...