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Journal of Accountancy · Recently

Social Security wage base and COLA announced for 2027

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 Social Security wage base and COLA announced for 2027. Worth reviewing for potential client impact.

Summary

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.

Classification

Category: fyiPriority: importantReason: Contains 'update' - significant update

Applies To

1040payroll

Affected Groups

Individual return preparers, Payroll/employment tax specialists

Related Topics

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

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