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2015 Social Security wage base update

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in Office Management,Payroll Management

The Social Security Administration (SSA) is days away from releasing the 2015 Social Security taxable wage base. Except for tax-free fringe benefits, all wages are subject to the Medicare portion of FICA, since there’s no wage base. In addition, the IRS is scheduled to release the 2015 COLAs for 401(k) and other qualified plans.

CLICK IT: The SSA will probably release the 2015 taxable wage base and related figures around Oct. 15. The IRS should follow shortly after that.

We will report all the critical 2015 inflation-adjusted amounts as soon as they’re released. For the news as soon as it happens, regularly check our updates.

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