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Social Security Announces Benefit and Taxable Wage Base Increases for 2020
U.S. Social Security Administration [SSA] 
[Official Guidance] Oct. 10, 2019 "The 1.6 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 63 million Social Security beneficiaries in January 2020. Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2019.... [T]he maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $137,700 from $132,900." MORE >> |
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