Social Security Increase

SSA announces increase in taxable wage base and monthly benefits for 2008. The maximum amount of earnings taxable for Social Secuirty in 2008 is increasing to $102,000.00.  This is a $4,500.00 increase from 2007’s wage base of $97,500.00. Along with this wage base increase is a 2.3% Cost of Living Adjustment (COLA) to the monthly benefits.  The COLA is based off of the Bureau …