Tag Archives: Social Security
Social Security Benefits
Social Security income used to be tax-free to all, but that’s no longer so. Depending on your other income, you could wind up paying tax on up to 85% of your Social Security benefits, at a time when you need … Continue reading
Social Security wage base increases to $117,000 for 2014
The wage base for computing the Social Security tax (OASDI) in 2014 increases to $117,000 from $113,700, which was the wage base for 2013. The $3,300 increase, which is about 2.9%, is due to an increase in average total wages.
Social Security wage base expected to rise to $115,500 for 2014
The Social Security Administration’s Office of the Chief Actuary (OCA) has projected that the Social Security wage base will increase from $113,700 for 2013 to $115,500 for 2014. The 2014 projections were included as part of the annual report to … Continue reading
Social Security Wage Base Increases For 2013
As we wait for Congress to decide how they will address the “fiscal cliff”, we thought it would be a good time to update you on some of the increased limits applicable to 2013. The Social Security Wage Base increases $113,700 for … Continue reading
