US Social Security Tax Cap Rises to $192,300 in 2027
The top income that Social Security payroll tax applies to is going up in the US for 2027. The limit moves from $184,500 to $192,300, so another $7,800 of yearly wages will be taxed. High earners above the new limit could pay up to $483.60 more next year.
Context
Context: Social Security payroll taxes fund retirement, disability and survivor benefits, and the wage cap sets the highest earnings that pay this tax. The cap is adjusted each year as average wages change.
Burning Potato score: 61%