Social Security Wage Base to Remain at $106,800 in 2011

The Social Security Administration has announce that monthly Social Security and Supplemental Security Income benefits for more than 58 million Americans will not automatically increase in 2011, because inflation was not high enough during the past year to trigger a cost-of-living adjustment. As a result, the maximum earnings subject to Social Security tax will remain at $106,800 in 2011 because federal law prohibits an increase in the Social Security wage base if there is no cost-of-living adjustment. The Social Security wage base has been at $106,800 since the 2009 tax year.