A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Letting us know that FICA wage limit will change from $110,100 to $113,700. Thanks. I know I was stressing about whether I would be under the magic number. I also was worried about the max I could put in my 401K. Good to know it is $17,500 but I can also catch up an extra $5000 even though it is more than I will make gross all of next year. Sometimes I just got to shake my head at these emails. Why don't they send an email letting us know what number we need to be under so we don't get any federal tax taken out at all? Or what wage we are still considered poverty level and eligible for assistance. Who exactly was the intended audience of this email? Certainly not the working MT with talk of thresholds at $113,000 or $200,000 for Medicare tax rate.