What’s the Maximum Social Security Tax in 2021?

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The Social Security program is funded primarily by payroll taxes. That means the taxes that today’s workers are paying will help fund current retirees’ benefits, and once you start collecting Social Security, younger workers will be funding your monthly checks.

How much you’ll pay in Social Security taxes depends on your income, but there are limits to how much you can owe. But the taxes don’t stop once you begin claiming benefits — in some cases, you may still owe taxes on your Social Security benefits even after you retire.

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