Social Security just raised your 2023 Taxes by $818!

Norm Haug RSSA Staff   Social Security just raised your 2023 Taxes by $818! That’s right! And nobody told you until now. If you earn more than $160,200, you will pay $818 more in payroll taxes in 2023. Additionally, your employer will also pay $818 more in payroll taxes in 2023. This is the largest…

The 2023 Social Security COLA is 8.7%

Pamela Kweller RSSA Staff   The September 2022 Consumer Price Index (CPI) report was released today, providing the final calculation for the 2023 Social Security Cost of Living Adjustment (COLA). And the official 2023 Social Security COLA is a whopping 8.7 percent! According to the Social Security Administration, “The 8.7 percent cost-of-living adjustment (COLA) will…