Are your Social Security Taxes Going Up in 2017?
Depending on your personal situation, you may find yourself paying more for Social Security in 2017. The Social Security tax rate is 12.4 percent (combined) of your wages, up to the maximum level of $127,200. This figure is up from $118,500, an increase of 1,078.80. However, if you are a Social Security recipient, figuring out your tax impact can be a little tougher but with some steps outlined in Chuck Saletta’s column it will not be impossible. Read column here…
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