- Social Security must be paid on wages up to $117,000. The ceiling in 2013 was $113,700.
- Monthly Social Security and Supplemental Security Income (SSI) benefits will increase 1.5 percent beginning with benefits received in January 2014. Increased payments to SSI beneficiaries will begin on December 31, 2013.
- Medicare premiums will remain unchanged.
The Social Security Administration has announced a number of changes for 2014.
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Federal and state tax laws and regulations change regularly. As we become aware of changes, we will post them here and, if you are a client who has provided us with an email address, we will also email them to you.