10/26/2026
๐ข 2027 Social Security Tax Update!
The Social Security wage base is increasing for 2027! ๐ฐ
๐ 2026 Wage Base: $184,500
๐ 2027 Wage Base: $192,300
What does this mean for employers and employees?
โ๏ธ Social Security taxes apply only to earnings up to the annual wage limit.
โ๏ธ Medicare taxes have no earnings cap.
โ๏ธ Additional Medicare taxes and other payroll tax requirements may also apply.
Staying informed about these changes can help employers ensure accurate payroll withholding and tax reporting.
๐ Have questions? Our team at Wright, Moore, DeHart, Dupuis & Hutchinson, LLC is here to help you navigate payroll tax requirements and stay compliant!