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Tag: tax

  • Understanding Social Security Taxes in 2025

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      In 2025, the Social Security payroll tax rate is 12.4%, which consists of 6.2% deducted from your paycheck and an additional 6.2% matched by your employer. For instance, if your taxable payroll income is $100,000 in 2025, the total Social Security payroll tax would be $12,400, split equally between the employee and employer, with…