Social Security Review

Social Security Benefits are increasing for 2021. Americans who collect Social Security will receive a 1.3% increase in their monthly payouts in 2021. The extra benefits kick in on Jan. 1. Annual increases in Social Security are determined every year based on changes in a component of the consumer price index. Social Security recipients got […]

2021 Social Security Changes Announced

The Social Security Administration announced a 1.3 percent boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2021. The increase is based on the rise in the Consumer Price Index over the past 12 months ending in September 2020. For those contributing to Social Security through wages, the potential maximum income subject […]

Understanding Payroll Taxes

Update as of August 11, 1:00pm, ET: President Trump signed an executive memo on August 8, 2020 that calls for a deferral of payroll taxes for employees. To understand how this may affect your business or your team read Gusto’s analysis of the Payroll Tax Deferral Executive Memorandum. Please note we use affiliate links to products for which […]