{"id":3785,"date":"2010-08-20T16:27:50","date_gmt":"2010-08-20T20:27:50","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=3785"},"modified":"2010-12-01T15:22:47","modified_gmt":"2010-12-01T20:22:47","slug":"question-of-the-week-has-the-2011-social-security-wage-base-been-announced","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2010\/08\/question-of-the-week-has-the-2011-social-security-wage-base-been-announced\/","title":{"rendered":"Question of the Week: Has the 2011 Social Security Wage Base Been Announced?"},"content":{"rendered":"<p><a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/08\/photo-geithner.jpg\"><\/a><div class=\"img alignleft size-thumbnail wp-image-3787\" style=\"width:150px;\">\r\n\t<a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/08\/photo-geithner.jpg\"><img src=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/08\/photo-geithner-150x150.jpg\" alt=\"Timothy F. Geithner, Secretary of the Treasury, and Managing Trustee of the Trust Funds.\" width=\"150\" height=\"150\" \/><\/a>\r\n\t<div>Timothy F. Geithner, Secretary of the Treasury, and Managing Trustee of the Trust Funds.<\/div>\r\n<\/div>This week\u2019s question comes from Sylvia, a payroll manager. I thought I heard that the social security wage base would remain the same in 2011 as it was in 2010, but I can\u2019t find anything official. Has the 2011 social security wage base been announced? Answer: Although the official announcement has not been made that for 2011 there will be no increase in the social security wage base, <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/08\/SSA-Board-of-Trustees-2010-Annual-Report.pdf\" target=\"_blank\"><em>The<\/em><em> 2010 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds<\/em><\/a> has been released. In it, the Board of Trustees estimates that the 2011 social security wage base will remain unchanged at $106,800. The report includes the information about financial operations, legislative changes, and actuarial assumptions.<\/p>\n<p><strong>Second Straight Year with No Increase in Social Security Wage Base<\/strong><\/p>\n<p>If the prediction holds true, 2011 would be the third straight year that the wage base would be $106,800 and the maximum social security withholding would be $6,621.60. At this time, an increase in the wage base and maximum withholding is projected for 2012.<\/p>\n<p><strong>Social Security Wage Base Projected to Increase Over 40% by 2019<\/strong><\/p>\n<p>The Board of Trustees projects annual increases through 2019. Currently, the Board of Trustees estimates that the social security wage base will increase to $153,600 for the year 2019.<\/p>\n<p><strong><a href=\"mailto:info@visionpayroll.com\" target=\"_blank\">Vision Payroll<\/a> Expects Official Announcement in October<\/strong><\/p>\n<p>When the <a href=\"http:\/\/www.ssa.gov\/\" target=\"_blank\">Social Security Administration (SSA)<\/a> makes the <a href=\"https:\/\/old.visionpayroll.com\/kb\/2010\/10\/social-security-administration-announces-2011-changes\/\" target=\"_blank\">official announcement<\/a>, most likely in October, <a href=\"mailto:info@visionpayroll.com\" target=\"_blank\">Vision Payroll<\/a> will provide updated amounts for 2011. Visit our <a href=\"https:\/\/old.visionpayroll.com\/kb\/important-facts-and-figures\/\" target=\"_blank\">Important Facts and Figures<\/a> page for more details.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Timothy F. Geithner, Secretary of the Treasury, and Managing Trustee of the Trust Funds. This week\u2019s question comes from Sylvia, a payroll manager. I thought I heard that the social security wage base would remain the same in 2011 as it was in 2010, but I can\u2019t find anything official. Has the 2011 social security [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[412,1064,44,178,120,121,263,242],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/3785"}],"collection":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/comments?post=3785"}],"version-history":[{"count":6,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/3785\/revisions"}],"predecessor-version":[{"id":4568,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/3785\/revisions\/4568"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=3785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=3785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=3785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}