New Limits on Social Security

The government puts a limit on the amount of your wages it withholds for Social Security.  The rate for 2017 is 6.2 percent of your pay, up to a ceiling that rises annually.

For 2017, the ceiling is $127,200.

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Social Security Number

If you recently had a baby, you must get a Social Security number before you file your tax return. The IRS will not allow you to claim a dependency exemption or the Earned Income Credit without a valid Social Security number. Click here to obtain a printable form and instructions..