2022 FICA Tax Rates

FICA tax rate

FICA tax is a combination of a Social Security tax and a Medicare tax. The Social Security tax is assessed on wages up to $147,000; the Medicare tax is assessed on all wages.

2022 Social Security Update

The Social Security Administration announced a 5.9 percent boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2022. The increase is based on the rise in the Consumer Price Index over the past 12 months ending in September 2021.

How to Have a Comfortable Retirement

Cheers to Retirement

If you’re age 35 or more and haven’t made a serious effort to plan for retirement, you need to start planning now for a comfortable retirement