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U.S. Social Security Changes for 2025

18 October 2024

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Approved Changes

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United States

The U.S. Social Security Administration has published a factsheet on the 2025 Social Security Changes. For both employers and employees, the rate for the Social Security portion (OASDI) remains 6.20%, and the rate for the Medicare portion remains 1.45% (7.65% combined rate). For the self-employed, the OASDI rate remains 12.4% and the Medicare rate remains 2.9% (15.30% combined rate). Further, for individuals with earned income of more than USD 200,000 (USD 250,000 for married couples filing jointly), the additional 0.9% in Medicare taxes continues to apply. The taxable earnings cap for OASDI is increased from USD 168,600 to USD 176,100....