Currently, only the first $176,100 of a worker's annual income is subject to the 6.2 percent Social Security payroll tax, which is matched by employers to make a total contribution of 12.4 percent.

Key Points Seniors on Social Security are hoping for a generous cost-of-living adjustment (COLA) in 2026.Initial estimates ...

Projections from a board of trustees of the program’s accounts reported last month that the combined trust funds for Social ...