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

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

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