The Social Security Administration has announced that the wage base for computing Social Security Tax in 2013 will increase to $113,700.
They also announced a 1.7% cost of living adjustment (COLA) for social security beneficiaries beginning in 2013.
Click on the link below for a 2013 Fact Sheet delineating other important changes from the Social Security Administration.
As always, should you have any questions, please feel free to contact your trusted advisor at DiSanto, Priest & Co.
401.921.2000
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