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What’s new at the SSA?

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in Small Business Tax

There's good news and bad news from the Social Security Administration (SSA).

The good news: The SSA Office of the Chief Actuary has projected that the "wage base" for Social Security tax purposes will remain at $106,800 for 2011 (the same as 2009 and 2010). 

The bad news: Correspondingly, Social Security recipients won't receive an increase in benefits in 2011. But the SSA foresees increases in both the wage base and benefits in 2012.

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