2014 Social Security & Medicare News You Can Use

The Social Security wage base will increase in 2014 to $117,000, a $3,300 bump over the current level of $113,700.  The OASDI tax rate, or FICA tax rate, paid by both employers and employees will stay at 6.2%.  The Medicare tax rate will also remain stable in 2014 at 1.45% (paid both by employers and [...]