2008 Social Security withholding is 6.2% of wages up to $102,000.
Anybody know what the ceiling will be in 2009 and after?
If memory serves correctly from my days working for SSA, I don’t think the ceiling for 2009 will be announced until July or August at the earliest, and possibly not until September.
Okay, that makes sense. Thanks.
Can anyone tell me how the ceiling is determined?