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You are here: Home / News & Resources / 2021 Social Security Changes

10/19/2020 by Richard (Dick) Jacobs, CPA

2021 Social Security Changes

2021 Social Security Changes

The Social Security Administration (SSA) has announced that the wage base for computing the Social Security tax (OASDI) in 2021 will increase to $142,800. This is up from $137,700 for 2020. In addition, beneficiaries of Social Security and Supplemental Security Income (SSI) will receive a 1.3% cost of living adjustment for 2021. Click here for more information from the SSA.

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About Richard (Dick) Jacobs, CPA

Dick is a director at Meadows Urquhart. More about Dick.

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