Social Security Administration announces small increase in 2018 wage base

The Social Security Administration (SSA) announced on Friday that the maximum amount of wages in 2018 subject to the 6.2% Social Security tax (old age, survivor, and disability insurance) will rise from $127,200 to $128,700, an increase of a little more than 1%. By comparison, the 2017 wage base increased more than 7% over the 2016 wage base.

Read More: https://www.journalofaccountancy.com/news/2017/oct/social-security-wage-base-2018-201717654.html

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