Posts Tagged ‘social security’

Social Security Announces 2019 Taxable Wage Base

The Social Security Administration (SSA) recently announced that the Social Security taxable wage base for 2019 will increase to $132,900 from $128,400. This is the maximum amount of earnings subject to the Social Security tax for 2019. In addition, the SSA announced that Social Security and Supplemental Security Income benefits will increase by 2.8 percent […]

27 Nov 18 - General - Vannessa Maravilla - No CommentsRead More »

Social Security Revises 2018 Taxable Wage Base

For 2018, the Social Security Administration (SSA) announced that the Social Security taxable wage base will be $128, 400. This is the maximum amount of earnings subject to Social Security tax for 2018. Initially, the SSA announced that the wage base would increase by $1,500 — from $127,200 to $128,700 maximum taxable earnings. However, the […]

4 Jan 18 - Compensation - Gail Cecchettini Whaley - No CommentsRead More »

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 earnings. The Social Security withholding rate is unchanged for 2018 and remains at 6.2 percent, up to the maximum taxable amount. The Federal Insurance Contributions Act (FICA) tax rate – […]

24 Oct 17 - Compensation - Gail Cecchettini Whaley - No CommentsRead More »

Payroll Tax Deduction Rates Remain Unchanged

For 2016, the Social Security Administration announced that the Social Security taxable wage base will remain the same — $118,500 maximum taxable earnings. The Social Security withholding rate is unchanged for 2016 and remains at 6.2 percent, up to the maximum taxable amount. The FICA tax rate – which is the combined total of the […]

21 Oct 15 - Compensation - Gail Cecchettini Whaley - No CommentsRead More »