Tax rates for Social Security's two trust funds, the Old-Age and Survivors Insurance (OASI) Trust Fund and the Disability Insurance (DI) Trust Fund, are shown in the table below. The rates shown reflect the amounts received by the trust funds.

This Social Security planner page explains when you may have to pay income taxes on your Social Security benefits.

The initial benefit amounts shown in the table below assume retirement in January of the stated year, with maximum-taxable earnings since age 22. Benefits in 2025 reflect subsequent automatic benefit increases (if any).

This update provides information about Social Security taxes, benefits, and costs for 2025. By law, some numbers change automatically each year to keep up with changes in price and wage levels.

Tax rates are set by law (see sections 1401, 3101, and 3111 of the Internal Revenue Code) and apply to earnings up to a maximum amount for OASDI. The rates shown reflect the amounts received by the trust funds.

Social Security Program (Old Age, Survivors and Disability Insurance – OASDI) 2024 Maximum Taxable Earnings 1 : OASDI–$168,600; Hospital Insurance (HI, also called Medicare Part A)–No limit

If you are working, there is a limit on the amount of your earnings that is taxable by Social Security. This amount is known as the “maximum taxable earnings” and changes each year. The maximum taxable earnings have changed through the years, as shown in the chart below.

Submit a request to pay taxes on your Social Security benefit throughout the year instead of paying a large bill at tax time. You will pay federal income taxes on your benefits if your combined income (50% of your benefit amount plus any other earned income) exceeds $25,000/year filing individually or $32,000/year filing jointly.

Download a copy of your 1099 or 1042S tax form so you can report your Social Security income on your tax return.

Tax data. Wage-indexed amounts. Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) program limits the amount of earnings subject to taxation for a given year. The same annual limit also applies when those earnings are used in a benefit computation.