Tax Tip From Dambman Accounting – November 27, 2018

echo adrotate_group(19, 0, 0, 0); The Social Security Administration announced a 2.8 percent boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2019. The increase is the largest in seven years, and is based on the rise in the Consumer Price Index over the past 12 months ending in September 2018. For those still contributing to Social Security through wages, the potential maximum income subject to Social Security tax increases 3.5 percent this year, to $132,900. A recap of the key amounts is outlined here: 2019 Key Social Security Benefits What does it mean for you?...

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