Social Security taxable earnings cap in 2014 is $117,000. Thousands have already hit that tax limit.

January 15, 2014 by OSYB Staff

The new income limit on social security tax for 2014 is $117,000. So that being said, there are some people that will have met that limit during January. The rate of social security tax is 6.2% with employer matching contributions. With income equality a hot political issue why is there a cap? Read more here.