Tag: FICA taxes

2024 Social Security, CA SDI Taxable Wage Base
1482
Posted in Compensation

2024 Social Security, CA SDI Taxable Wage Base, Withholding Rates

Employers should know about two new taxable wage base updates for 2024. The Social Security Administration (SSA) recently announced that, for 2024, the maximum amount of earnings…

2284
Posted in Compensation

2023 Social Security Taxable Wage Base Announced

The Social Security Administration (SSA) recently announced that the 2023 Social Security taxable wage base will increase to $160,200 from $147,000. This means that in…

4223
Posted in Compensation

2022 Social Security Taxable Wage Base

The Social Security taxable wage base for 2022 will increase to $147,000 from $142,800, according to a recent announcement from the Social Security Administration (SSA)….

4830
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…

2626
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…