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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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