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2014 SOCIAL SECURITY WAGE BASE INCREASES

Posted by The Dopkins Tax Advisory Group

Feb 13, 2014 9:29:08 AM

The Social Security Administration (SSA) announced that the taxable wage base is increasing from $113,700 to $117,000 in 2014. The new limit raises the level of income subject to the 6.2% Social Security tax. According to the SSA, about 10 million of the estimated 165 million workers who pay Social Security taxes will be affected by the change. 

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Topics: FICA,, medicare tax, social security wage base, social security tax,





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