December 2014

2015 Social Security Taxable Wage Base

December 11th, 2014 by Darlene Tysinger social security taxable wage base

The Social Security Administration (SSA) has announced that the 2015 Social Security taxable wage base is increasing to $118,500, up $1,500 from the 2014 taxable wage base of $117,000.  Once an employee reaches this taxable wage threshold no further Social Security tax will be withheld. FICA Tax Rates The 2015 FICA tax rate for employees […]

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