Getting Ready For W-2 Time – Social Security Business Services Online

Are you an employer? Do you handle payroll services, whether for one business or many? Has your business registered to use the free Social Security Business Services Online (BSO) yet?  Use of BSO is free but registration is required. Although W-2 season may seem far away, now is a good time to prepare by making…
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Social Security Taxable Earnings Base And Tax Rates For 2016

Social Security payroll taxes are paid each year up to a maximum amount set by law when you have wages or self-employment income that is covered by Social Security. This continues even when a person receives monthly Social Security benefits. New earnings are automatically reviewed each year to see if they increase benefits. The best…
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Retirement Earnings Test Amounts For 2016

Q: Is the amount I can earn in 2016 before my Social Security retirement is reduced known yet? A: Yes. The 2016 amounts will be the same as for 2015. They are not changing. The annual retirement earnings test concerns how your own employment earnings in a year affect your Social Security in that year.…
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No 2016 Social Security Or SSI Cost-of-living Adjustment (COLA)

There will not be a 2016 Social Security or Supplemental Security Income cost-of-living adjustment (COLA). The following is from today’s Social Security press release. Law Does Not Provide for a Social Security Cost-of-Living Adjustment for 2016  With consumer prices down over the past year, monthly Social Security and Supplemental Security Income (SSI) benefits for nearly…
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Employers – Register For Business Services Online Now

The W-2 season is only a few months away. Now is the time for employers to register to use Social Security Business Services Online (BSO). A registered employer can verify the Social Security number (SSN) of newly hired and existing employees online or overnight, without seeing the paper SSN card. Verifying now that you have…
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