2014 Taxable wage base and other limits

[Tom Poje]

according to the govt web site

http://www.socialsecurity.gov/OACT/COLA/cbbdet.html

the taxable wage base will be 117,000 in 2014

if my spreadsheet still works, the covered comp will be as indicated on the enclosed spreadsheet.

...............................

based on the CPI-U that was released today the increases (should) be (based on the regulations)

260,000 for compensation

52,000 for 415 limit

210,000 for the DB limit

170,000 for key employee

covered comp at 117000.xls

[Tom Poje]

Ah, I plugged the 117,000 taxable wage base into the Relius software, and the covered comp for 2014 was the same as the spreadsheet. It appears to work correctly!