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03 - Accounting & Taxes Accounting Help & Tax Strategies

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Old 09-09-2011, 02:23 PM
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Karen123456 Karen123456 is offline
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Default Pay More Social Security Tax in Year 2012?

The Social Security Administration has released the proposed figures for the increase in the wage base for taxation for 2012 and projected some figures for the years up to 2015.

The Social Security wage base, now at $106,800, is projected to increase to $110,700 in 2012, according to the annual report of the Social Security Board of Trustees. Also – in 2012, the temporary 2% reduction in the Social Security withholding tax will expire.

You can find more details here

Karen
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