2020 SOCIAL SECURITY WAGE BASE

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.

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