Taxable Income Increases for Social Security in 2020
There’s a lot of buzz right now about the Social Security taxes you’ll be paying in 2020. “The maximum tax per worker will be $17,074.80 – or a maximum $8,537.40 withheld from a highly-paid employee’s 2020 paycheck.” This means, in 2020, the amount you pay in Social Security will increase 3.6% to 6.2%. While this […]
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