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Month: November 2021

Social Security Wage Base Increased

November 6, 2021 relanetAdminNews

It was announced by the Social Security Administration (SSA) in October that the maximum amount of an individual’s taxable earnings in 2022 subject to Social Security tax will be $147,000, up from $142,800 for 2021. The wage base limit applies […]

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Social Security Benefit to Increase in 2022

November 6, 2021 relanetAdminNews

Approximately 70 million Americans will see a 5.9% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2022. Federal benefit rates increase when the cost-of-living rises, as measured by the Department of Labor’s Consumer Price Index […]

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