Typically, SSA announces the COLA in October. Last year it was October 15th!
In 2012, the maximum taxable earnings for Social Security are $110,100.
August 31, 2012
14160
Unlimited amount
Sadly, there won't be a glee tour for 2012.
4/7/2012
On 10th September,2012 on www. HAjjinfo.org
There's no way to predict whether there will be an increase in Social Security benefits over the next two years. We already know 2011 checks will be paid at the same rate as in 2009, when the SSA issued a 5.8% increase. This is the first time since 1975 that rates have remained unchanged two consecutive years, so there's a good chance there will be some type of cost of living adjustment (COLA) in 2012, but this is far from a safe bet.
thats what i want to know
These forms are called 1099-SSA and are mailed to Social Security recipients in January of the year following when they received the payments. If you cannot locate this you can request a copy from the Social Security Administration.
No. Congress recently announced there will be no cost of living adjustment (COLA) for Social Security benefits in 2011. Earn-income limits will remain at 2010 levels.
For 2012, the Social Security (FICA) deduction is 6.2%; the Medicare deduction is 1.45%, for a total of 7.65%. The employer pays the same percentages.