10/16/2026
The 2027 Social Security numbers are out. The wage cap goes up to $192,300, so higher earners and their employers will pay a little more next year.
Self-employed? You pay both halves, so factor the new cap into your 2027 estimates.
The Social Security Administration announced a 3.6% cost-of-living adjustment for 2027 and increased the Social Security wage base to $192,300. The annual update also includes changes to retirement earnings limits and other indexed Social Security amounts that affect taxpayers and employers.