![2021 Social Security Changes](https://sp-ao.shortpixel.ai/client/to_auto,q_lossy,ret_img,w_314,h_209/https://www.muacllp.com/wp-content/uploads/2020/10/iStock-1203882906-1-1024x683.jpg)
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.