Social Security Releases 2015 COLA and Benefit Amounts 10/22/2014

12-19-2014 |

Social Security benefits increase 1.7%, and the taxable Wage Base for 2015 is $118,500.

WASHINGTON – The Social Security Administration increased benefits by 1.7% for 2015. The maximum amount of earnings subject to the Social Security tax will increase from $117,000 to $118,500.  Of the estimated 168 million workers who will pay Social Security taxes in 2015, about 10 million will pay higher taxes because of the increase in the taxable maximum. 

Social Security Press Release


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