Social Security Cut Off 2025. The social security tax limit refers to the maximum amount of earnings that are subject to social security tax. A social security funding crisis could be on the horizon if policymakers fail to take action to protect the program in the next decade, threatening a 23% cut to all 70.
According to the 2024 annual report of the social security board of trustees, the surplus in the trust funds that disburse retirement, disability and other social security. Social security recipients could see their benefits cut by hundreds of dollars a month in roughly a decade if congress doesn’t make changes.