Social Security Wage Base and Earnings Test Amounts Increase in 2023

The Social Security Administration (SSA) recently announced that the "wage base" for computing Social Security tax will increase for 2023 to $160,200. This is up from $147,000 for 2022. Federal law limits the amount of Read More

Kirsch CPA Group

Oct 27, 2022

Retirement Savings: Are You Currently On Track?

Employment disruptions caused by the COVID-19 economic slowdown have scrambled the retirement saving strategies of many Americans. According to a recent survey, nearly half of employed Americans either reduced or suspended their retirement savings during Read More

Kirsch CPA Group

Sep 01, 2021

Prepare to Receive a Social Security Administration No-Match Letter

The SSA explains that it's seeking to reconcile discrepancies between the names and Social Security Numbers (SSNs) it has on file with the names and SSNs that employers report. The purpose isn't to support enforcement Read More

Kirsch CPA Group

Oct 15, 2019