2021- Social Security Changes Tax Increase of 3.7% and 1.3% Benefit Increase.

The Social Security Administration (SSA) has announced the changes for 2021. The Maximum Social Security wage base has increased by 3.7% ($142,800 from $137,700 in 2020) Of the changes reported the SSA is giving a 1.3% Cost of Living Adjustment (COLA) for the new year. An increase in the full retirement age by an additional […]