The Old-Age, Survivors, and Disability Insurance taxable wage base is to increase to $137,700 in 2020, up from $132,900 for 2019 with a maximum tax amount of $8,537.40. After program updates are completed, go to the FICA and FICA-M Deduction Descriptions, Compute tab, and click on the Copy Standard Setup button, then click Select to load the new wage base.

1/10/2025 NEW RDA PROGRAMS RELEASED
Release notes for 4.1.4-46711 2025 Federal tax tables and deductions updates 2025 FICA and FICA-M wage and withholding limit updated 2024 1094/1095 B/C electronic filing...
Read More...