Social Security tax is one of several taxes withheld from Americans' paychecks, and many people don't understand where the numbers come from. In this video, Certified Financial Planner® Matt Frankel discusses the Social Security tax and the maximum amount you may have to pay in 2023.
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Here's how much Social Security tax high earners have to pay and what might change in the future.
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Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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