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April 4, 2009

Taxable Wage Base

Your Guide



The Taxable Wage Base refers to the maximum amount of wages that can be used to compute social security contributions.
Referring Cite
Treas. Reg. § 1.401(l)-2(d)
Additional Helpful Information
Contributions to qualified plans and SEP IRAs can be integrated with social security ( social security integration). The primary objective of this integration is to permit individuals, whose social security contributions are capped at the taxable wage base, to receive a larger contribution amount under the qualified plan or SEP IRA.

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