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2021 Wage Cap Rises Modestly for Social Security Payroll Taxes

Oct 13, 2020

Starting Jan. 1, 2021, the maximum earnings subject to the Social Security payroll tax will increase by $5,100 to $142,800—up from the $137,700 maximum for 2020, the Social Security Administration (SSA) announced Oct. 13. The SSA also posted a fact sheet summarizing the 2021 changes. (Read More)

Article By: Stephen Miller, CEBS  SHRM

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