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One of these changes is an increase to the taxable wage base -- the maximum amount of income you pay Social Security taxes on each year. In 2025, this is $176,100.
Social Security Wage Base ... For the Old Age, Survivors and Disability Insurance (OASDI) tax or Social Security tax in the United States, the Social Security Wage Base (SSWB) is the maximum earned gross income or upper threshold on which a wage earner's Social Security tax may be imposed.
The Federal Insurance Contributions Act (FICA / ˈfaɪkə /) is a United States federal payroll (or employment) tax payable by both employees and employers to fund Social Security and Medicare [1] —federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.
Determining the 2023 National Average Wage Index The NAWI for 2023 was determined by taking the 2022 NAWI and adjusting it by the percentage change in average wages from 2022 to 2023.
State law determines individual state unemployment insurance tax rates and taxable wage bases. [14] Although FUTA mandates a taxable wage base of $7,000 per employee, only Arizona, California, and Puerto Rico use this minimum as of 2020. [21] The taxable wage base ranges significantly, with Washington using the highest amount of $52,700. [22]
For workers, the higher wage base and earnings test limits change your 2026 cashflow and withholding. Plus, for new claimants in 2026, the bend points shapeyour starting benefit.
The wage base limit is going up to $184,500 from $176,100. The wage base limit is the maximum amount of income you earn that is subject to Social Security taxes.
Michigan has a diversified economy with a gross state product of $747.371 billion as of Q4 2025, ranking 14th among the 50 states. [13] Although the state has developed a diverse economy, in the early 20th century it became widely known as the center of the U.S. automotive industry, which developed as a major national economic force.