Category: Social Security Administration Reports

Social Security Interest Rates Remain Constant for Third Quarter 2018

June 21, 2018 - The Internal Revenue Service has announced that interest rates related to OASDI will remain the same for the calendar quarter beginning July 1, 2018. The interest rates are as follows: five percent for over-payments (four percent in the case of a corporation); five percent for underpayments; seven percent for large corporate underpayments; and two-and-one-half percent … Read More

OASDI Wage Base Projected to Increase in 2019

June 7, 2018 - In the Social Security Administration’s 2018 OASDI Trustees Report issued June 5, 2018, the Social Security wage base is projected to increase to $132,300 in 2019 from $128,400 in 2018. The projection is based on the intermediate-cost assumptions in the report, the SSA said. The wage base is the maximum amount of earnings subject to … Read More