The Self-Employment Tax Wage Threshold is Rising. Time to Change Your Freelance Business Entity?
The Social Security Administration (SSA) recently announced an increase to the maximum amount of wages subject to the old age, survivors, and disability insurance (OASDI) tax. The wage threshold for these taxes will increase to $142,800 in 2021 up from $137,700 in 2020. The OASDI tax...
21 October, 2020