SSA Announces Social Security Taxable Wage Base for 2025
SSA Press Release: Social Security Announces 2.5 Percent Benefit Increase for 2025 (Oct. 10, 2024); SSA Fact Sheet: 2025 Social …
Unpacking Social Security Benefits Taxes
Last month, former President Donald Trump proposed eliminating taxes on Social Security benefits — since then, a number of policy experts have …
2023 Social Security Wage Base Increases to $160,200
The Social Security Administration (SSA) has announced that the maximum earnings subject to Social Security tax (Social Security wage base) …
Look for More IRS Form Revisions Now that the Inflation Reduction Act is Law
The IRS may need to revise certain employment tax reporting forms, and the forms used to claim the qualified small …
SSA Announces 5.9% Benefits Increase for 2022
On October 13, 2021, the Social Security Administration (SSA) announced that in 2022 benefits will increase by 5.9%. In addition, …
IRS: Use SSN on Tax Return Even if the SSN Does Not Authorize Employment
On a webpage, the IRS says that you should use your Social Security number (SSN) to file your tax return …
Social Security wage base increases to $142,800 for 2021
The Social Security Administration (SSA) has announced that the wage base for computing the Social Security tax (OASDI) in 2021 …
Social Security wage base increases to $132,900 for 2019
SSA Fact Sheet, 2019 Social Security Changes The Social Security Administration (SSA) has announced that the wage base for computing …
New guidance for employers that over-collect additional Medicare tax
The Spring issue of the Social Security Administration/Internal Revenue Service (SSA/IRS) Reporter gives pointers to employers that over-collect the 0.9% …
Social Security wage base increases to $128,700 for 2018
The Social Security Administration has announced that the wage base for computing the Social Security tax (OASDI) in 2018 will …