Friday, January 10, 2014

Earnings increased for Social Security Tax

Solo-k Plan

 

 

The Social Security Administration announced that the maximum amount of earnings subject to the Social Security payroll tax for 2014 will increase to $117,000 from $113,700, beginning Jan. 1.

About 10 million workers will pay a higher amount as a result of the  increase in wages subject to Social Security withholding .



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