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Social Security Adjusts Wage Base and Plan Contribution Limits

Posted by The Dopkins Tax Advisory Group

May 12, 2016 3:30:00 AM

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Topics: social security wage base, ira, social security, cost of living adjustment, ssa, COLA, ssa cola, simple ira



SSA Increases Taxable Wage Base & Benefits in 2015

Posted by Eric R. Soro CPA

Dec 5, 2014 8:00:00 AM

The Social Security Administration (SSA) recently announced that the taxable wage base for purposes of computing the Social Security portion of the FICA payroll tax will increase to $118,500 in 2015. The SSA also announced that Social Security benefits will rise by 1.7%.

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



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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