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Social Security wage base to rise

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The Social Secu­­rity Administration (SSA) Office of the Chief Actuary projects that the Social Secu­­rity wage base will increase from $113,700 for 2013 to $115,500 for 2014.

The actual increase will be formally an­­nounced by the SSA in October and could change slightly. For the time being, the $115,500 threshold is $300 lower than the figure cited in President Obama’s budget forecast.

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