Image of Home Logo

Related Resources

Tax & Advisory Services

2016 Social Security Wage Base Stays at $118,500

Saul Brenner, CPA, J.D., LL.M. 10.27.2015 | eVisor

Low inflation, due largely to weak oil prices, has led the Social Security Administration to keep the top threshold for taxable wages under Social Security at $118,500 for 2016.  There will be no cost-of-living adjustment for 2016 because the third-quarter 2015 consumer price index (CPI-W) didn't increase, when compared with the same period in 2014.

Questions? Contact your Berdon advisor or Marc Ausfresser, J.D., LL.M.  at 212.331.7639 | mausfresser@berdonllp.com 

Tax & Advisory Services LEAD ADVISORS View All