The IRS has announced the following changes for 2019:
- Social Security and Supplemental Security Income (SSI): Benefits will increase by 2.8%
- Social Security Wage Base: The limit will increase from $128,400 in 2018 to $132,900 in 2019
- Medicare Rate: Same rate of 1.45% for Medicare and extra 0.09% for income exceeding $200,000 if Single or Head of Household, $250,000 if Married Filing Jointly, or $125,000 if Married Filing Separately.
For more information on these changes, please refer to the IRS update here.