The Social Security tax cap kicks in at this salary figure in 2021

The Social Security tax cap kicks in at this salary figure in 2021

- in Featured, Social Security, Taxes
155
0

Some people are investing in their retirement without even realizing it.

If you have a traditional job, you pay 6.2% of your salary per year in Social Security taxes. That number is then matched by your employer.

But there’s a cap on how much money people are expected to contribute every year.

 

Read more at CNBC

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

Planning for retirement? You should also plan for inflation

Whether retirement is two years away, 10 years