09/28/2017
The Social Security Administration has announced that the taxable wage base for the Social Security portion of FICA will increase to $128,700 in 2018. The amount employees can contribute to 401(k) and 403(b) retirement accounts will increase to $18,500 for 2018.
09/28/2017
Despite low unemployment, employer payrolls are expected to increase only 3% in 2018, according to recent surveys. That’s in line with pay raises employers have been handing out for the last several years.
What is changing, however, is how employers are paying workers.