Social Security Wage Base for 2014

by | Jul 24, 2013 | Tax and Accounting Desk

The Board of Trustees for the Social Security Trust Fund report have issued the wage base for Social Security for 2014.

Currently, the estimated base for 2014 is $115,500. If you’re curious, they’ve estimate out to 2022 with an estimated $165,600 base.

Social Security guesses the Trust Fund will be zero around 2033.

Do you think Social Security will be around as long as estimated or do you think it will dry up before then? By the way, did you know that retirement age is now 67 for those born after 1960?

Stay Connected