Tag: FICA taxes
Posted in Compensation
Social Security Announces 2020 Taxable Wage Base
The Social Security Administration (SSA) recently announced that the Social Security taxable wage base for 2020 will increase to $137,700 from $132,900. This is the maximum…
Posted in Compensation
Payroll Tax Deduction Rates Will Rise in 2018
For 2018, the Social Security Administration announced that the Social Security taxable wage base will rise by $1,500 — from $127,200 to $128,700 maximum taxable…
