FICA (Social Security) Max Withholding Increases in 2015

The Social Security Administration has announced that the 2015 wage base for computing the Social Security 6.2% tax (OASDI) increases to $118,500 from $117,000. This means maximum FICA withholding for 2015 will be $7,347, up from the 2014 maximum of $7,254. 

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