Name: Accounting Freedom, Ltd. - Greater Milwaukee Region
Address: 1567 Wisconsin Ave, Grafton, WI, 53024, US
Telephone: +12623752440

The Social Security Administration recently announced that the 2022 Social Security wage base for computing tax will increase to $147,000 (up from $142,800 for 2021). Wages and self-employment income above this threshold aren’t subject to Social Security tax. Background Information The Federal Insurance Contributions Act (FICA) imposes two taxes on employers, employees and self-employed workers … Continue reading “Employers: The Social Security Wage Base Is Increasing in 2022”