RDA

2020 SOCIAL SECURITY WAGE BASE

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.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Other Posts