A number of tax limits that affect businesses are annually indexed for inflation, and many have increased for 2022.
Tax Limits for Businesses Increase for 2025
Tag: social security
2025 Social Security Wage Base Will Increase
As we near 2025, the Social Security wage base is set to change. The Social Security Administration has revealed that the wage base for calculating Social Security tax will rise to $176,100 in 2025 (up from $168,600 in 2024). Earnings and self-employment income above this threshold won’t be subject to Social Security tax. For businesses
What to do if your Business Receives a “No-Match” Letter
Many businesses and employers have received “no-match” letters from the Social Security Administration (SSA) alerting them to a discrepancy on W-2 forms.