2021 Cost of Living Increases (Posted on October 13, 2020 by )

SSALogoThe Social Security Administration today announced that the wage base for 2021 will increase to $142,800 from $137,700. Based on the cost of living figures issued by the Department of Labor and a spreadsheet provided by Tom Poje, we have been able to project several of the 2021 limits on contributions to and benefits under retirement plans (section 415, etc.), which are now shown at this link.