You can expect to pay more Social Security tax in 2022. Same goes for employees on your payroll. That’s because the federal taxable wage base is going up.
The 2022 Social Security taxable wage base estimate is $146,700, an increase from the number in use this year: $142,800. That’s $3,900 more of each employee’s wages that’ll be subject to the tax, based on the projections. READ MORE