The Motley Fool

SEPTEMBER 25, 2024

2016 0% 2015 1.7% The wage cap is rising for 2025 You may not realize it, but not all earnings are taxed for Social Security. There's a cap beyond which earnings aren't taxed. This means that someone earning $168,600 and someone earning, say, $33,168,600, will pay the same amount in taxes to Social Security.

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The Motley Fool

SEPTEMBER 27, 2023

Year Max Monthly Social Security Benefit 2014 $3,425 2015 $3,501 2016 $3,576 2017 $3,538 2018 $3,698 2019 $3,770 2020 $3,790 2021 $3,895 2022 $4,194 2023 $4,555 Data source: Social Security Administration. The chart below shows how the maximum Social Security benefit has changed over the last decade. But there is a caveat.

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The Motley Fool

APRIL 1, 2024

Remember that it works by taking in payroll taxes from workers and then using those funds to pay benefits to retirees. Check out the table below, showing how the ratio of covered workers (those paying taxes into the program) to beneficiaries (those collecting benefit checks) has changed: Year Ratio of Covered Workers to Beneficiaries 1945 41.9

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The Motley Fool

OCTOBER 12, 2024

Each year, the Social Security Administration collects taxes on your wages. That's because Social Security caps the amount of wages you pay taxes on in any given year. If you don't pay taxes on the wages, they don't count toward your earnings history. For 2025, the earnings limit will be $176,100.

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The Motley Fool

NOVEMBER 19, 2024

21% of women decided not to see a doctor at some time last year because the cost was too high -- up from 15% in 2015. And that money is all tax deductible! But HSAs let you plan ahead and the money you save is tax-advantaged. These percentages are up from 37% of women and 19% of men two years ago.

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The Motley Fool

JULY 2, 2024

Unlike income tax , for 2024 the Social Security Administration stops taking out additional Social Security taxes once your earned income exceeds $168,600. Because taxing any degree of your income beyond that amount wouldn't make your monthly payments any bigger once you claim retirement benefits. There are limits, though.

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The Motley Fool

OCTOBER 2, 2024

billion in 2015 to acquire DIRECTV only to see subscribers jump ship. billion in pre-tax quarterly distributions. billion on after-tax distributions and other payments will come in 2025, with the remaining $500 million arriving in 2029. It paid a staggering $48.5 In total, AT&T expects to receive about $7.6 Another $5.4

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The Motley Fool

OCTOBER 28, 2024

For example, many people thought the S&P 500 was expensive in 2015 after several years of sharply rebounding from the financial crisis, only to watch the index rise by another 74% over the next five years. For one thing, opening and contributing to an IRA through your chosen broker gets you valuable tax benefits.

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The Motley Fool

NOVEMBER 29, 2023

to 36.8%, reflecting higher costs, and adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) declined from $120.2 billion noncash goodwill impairment charge associated with a private equity takeover in 2015 and the decline in the stock price. Worse was the company's performance on the bottom line.

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The Motley Fool

NOVEMBER 25, 2023

Step 2: Earn the maximum taxable amount each year If you want the maximum Social Security retirement benefit, you have to pay the maximum Social Security tax for at least 35 years. Social Security taxes only apply to applicable wages earned up to a certain value each year. Every year, that number is adjusted for inflation.

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The Motley Fool

JANUARY 1, 2024

After all, he's owned it since he helped arrange a merger to create the entity in 2015. Cleaning up messy financials Kraft Heinz was created in 2015 when Kraft Foods Group merged with Heinz Holding Corporation. Is it stubbornness? Is it perfect yet? But management has brought leverage down to 2.9

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The Motley Fool

NOVEMBER 6, 2024

Here's the salary you need to get the maximum benefit Most people pay Social Security taxes on their entire paycheck during their career. But high earners might not pay the tax on every penny they earn. Any amount earned above that cap won't incur taxes, but it also won't count toward your earnings history.

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The Motley Fool

JULY 4, 2023

This gives it tax benefits but requires it to distribute most of its taxable income to unitholders as distributions. Consult a tax professional if you're unsure how MLP investments are taxed. The company is a master limited partnership (MLP). Next, let's talk about that distribution. The stock's dividend yield is a robust 6.8%

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The Motley Fool

OCTOBER 5, 2024

With the program's monthly payments being capped at $4,873, to avoid penalizing you by withholding benefits you'd otherwise be paying for, the Social Security Administration (SSA) also caps how much of your income it taxes. This year's maximum taxable income is $168,600.

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The Motley Fool

FEBRUARY 21, 2024

Work for 35 years You probably already know that the more you put into the Social Security pool while you're working (in the form of FICA taxes ) the more you get back once you retire. Back in 2015 the number was $118,500. As you'll see, it might be challenging, but it's not complicated. Last year it was $160,200.

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The Motley Fool

JULY 3, 2024

The answer is that only some income is subject to Social Security payroll tax, and only the same amount of income is considered when Social Security benefits are calculated. Income above that amount is not subject to Social Security payroll tax, nor is it included in the benefits formula.

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The Motley Fool

DECEMBER 10, 2023

Research from the Social Security Administration shows that 40% of individuals aged 65 and older received at least half of their income from benefits in 2015. That aligns precisely with historical trends. Those statistics make it critical that workers get as much income from the program as possible.

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The Motley Fool

APRIL 20, 2024

For instance, in 2023 the maximum proportion of your wages taxed for Social Security purposes was $160,200. Thirty years ago the Social Security Administration stopped taking out Social Security taxes once your wages reached $60,600. This wasn't always the number, for the record. The year before that, it was $147,000.

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The Motley Fool

SEPTEMBER 8, 2024

The SSA caps your annual earnings during your career for the purpose of determining how much you pay in Social Security tax at the rate of 12.8% (with half that coming from employees and half from their employers). Since you're not getting taxed on anything above that amount, the SSA doesn't count it toward your earnings history, either.

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Taxes 246

The Motley Fool

MAY 27, 2024

The number to aim for Every year, the Social Security Administration puts a cap on wages subject to the Social Security tax. Here's the salary you need to qualify for the maximum Social Security benefit. Image source: Getty Images. For 2024, the SSA set that wage limit at $168,600.

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The Motley Fool

NOVEMBER 18, 2024

Sub-5% mortgage rates were the norm during most of the 2010s, for example, and there were several periods during that decade where the average 30-year mortgage rate fell below 4%, including parts of 2012, 2015, and 2016. I certainly think we could see 4% rates come back in the not-too-distant future. But there's a caveat.

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Taxes 246

The Motley Fool

JUNE 15, 2023

And without the need to worry about things like taxes and maintenance, net-lease REITs can afford to pay out generous dividends. When the company went public in late 2015, just one tenant represented 100% of its rent roll. Four Corners' business model is the easier of the two REITs to explain.

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The Motley Fool

SEPTEMBER 28, 2024

Year Maximum Monthly Social Security Benefit 2014 $4,479 2015 $4,501 2016 $4,598 2017 $4,535 2018 $4,647 2019 $4,609 2020 $4,561 2021 $4,628 2022 $4,705 2023 $4,700 2024 $4,873 Data source: Social Security Administration. This limit is the highest income subject to Social Security taxes, and for 2024, it's $168,600 per year.

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Taxes 246

The Motley Fool

OCTOBER 20, 2024

17 2015 1.7% That can have a significant impact on how much you pay in taxes during retirement since Social Security taxation thresholds do not get an inflation adjustment. Rank Year COLA 1 2023 8.7% 2 2022 5.9% 3 2009 5.8% 4 2006 4.1% 5 2012 3.6% 6 2001 3.5% 7 2007 3.3% 8 2024 3.2% 9 2019 2.8% 10 2005 2.7% 11 2002 2.6% 12 2025 2.5%

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The Motley Fool

AUGUST 31, 2023

You must reach the maximum taxable amount in a job for which Social Security taxes are applicable. There's one other wrinkle to keep in mind. That's the case for most jobs, but not all. For example, some employees of state, county, and municipal governments are covered by state-funded pension plans instead of Social Security.

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The Motley Fool

JUNE 19, 2024

The latest AI IPO Eric Lefkofsky founded Tempus AI (NASDAQ: TEM) in 2015 and continues to serve as its CEO. The company was originally called Bioin but changed its name to Tempus Health in 2015, Tempus Labs in 2016, and Tempus AI in 2023. Lefkofsky is no stranger to starting new businesses.

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The Motley Fool

OCTOBER 5, 2024

That's because you won't pay any Social Security taxes on income above that limit. If you retire with considerable assets, there are also potential tax benefits to delaying your Social Security payments until age 70. For 2024, the limit is $168,600.

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The Motley Fool

MAY 17, 2024

That makes logical sense, given that, historically, around 57% of its earnings before interest, taxes, depreciation, and amortization ( EBITDA ) came from oil pipelines, with another 28% from natural gas pipelines. Enbridge is a North American energy giant that is usually lumped into the midstream sector.

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Leveraging Amortization Depreciation Earnings Before Interest 243

The Motley Fool

DECEMBER 8, 2023

For example, Enterprise Products Partners (NYSE: EPD) had a debt-to- EBITDA (earnings before interest, taxes, depreciation, and amortization) ratio notably below that of Kinder Morgan when Kinder Morgan's dividend was cut. The counter argument is that this is a history lesson, and investors need to think about the future.

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Leveraging Amortization Depreciation Earnings Before Interest 246

The Motley Fool

JULY 8, 2024

There's an annual limit on the amount you'll pay Social Security taxes on, and that's also the annual limit that counts toward calculating your benefit. But not every penny you earn from work counts toward Social Security. The taxable maximum earnings amount changes every year to account for increases in wage inflation.

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The Motley Fool

AUGUST 29, 2023

You need to put money into a 401(k) or other tax-advantaged retirement plan at a brokerage firm if you hope to enjoy any financial security as a senior because Social Security alone likely cannot support you once you leave the workforce. Image source: Getty Images Investing for retirement is one of the smartest money moves you can make.

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The Motley Fool

JULY 27, 2024

Since going public in 2015, the stock has increased by roughly 2,000%, as of this writing. Beyond its platform and software tools, the company also works with other partners to provide almost everything merchants need to run a modern retail business: accounting and tax services, and marketing help. Let's explore this further.

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The Motley Fool

APRIL 22, 2024

There's a maximum amount of earnings subject to Social Security tax every year. Here's the important thing for high earners, though. The SSA doesn't always count all of your income in its calculation. It's called the contribution and benefit base, and the SSA adjusts the amount for inflation every year.

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The Motley Fool

OCTOBER 9, 2024

workers pay Social Security payroll taxes throughout their careers. in taxes, totaling 12.4%. The good news is that not all income is eligible for Social Security payroll taxes. Add that to the tax implications of the wage base limit, and it's worth ensuring you know the number heading into 2025.

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Taxes 130

The Motley Fool

OCTOBER 6, 2024

Shopify Shopify's initial public offering (IPO) was in 2015. In the first half of 2024, Adyen's earnings before interest, taxes, depreciation, and amortization (EBITDA) margin was 46%, up from the 43% reported in the comparable period of the previous fiscal year. The company's margins dropped as a result but are now improving again.

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Initial Public Offering Bidding Amortization Depreciation 243

The Motley Fool

NOVEMBER 29, 2023

Above that amount, you won't pay any Social Security taxes on your wages, and that's why your wages won't count toward your Social Security earnings. That amount is officially referred to as the "contribution and benefit base," but it's basically the minimum salary for the maximum Social Security benefit.

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Taxes 241

The Motley Fool

NOVEMBER 3, 2024

2016 0% 2015 1.7% The 2025 wage base limit is higher The annual wage base limit is the maximum amount of your income subject to Social Security payroll taxes. This means any dollar over that amount is exempt from Social Security payroll taxes, which are either 6.2% The good news is that it means inflation has cooled down a bit.

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