Payroll

Payroll tax compliance: New Social Security wage base for 2027

From $3,000 in 1937 to $192,300 in 2027, the Social Security wage base has changed dramatically over the years. Here’s what the latest increase means for small business owners and their employees.
October 27, 2026
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If your small business has employees, you may need to budget for higher payroll costs next year, especially if you employ many high earners. The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $192,300 for 2027 (up from $184,500 for 2026). Wages and self-employment income above […]
#FICA, #PayrollTaxes, #SocialSecurityTax
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Tax Planning

How the Social Security wage base will affect your payroll taxes in 2026

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November 6, 2025
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The 2026 Social Security wage base has been released. What’s the tax impact on employees and the self-employed? Let’s take a look. FICA tax 101 The Federal Insurance Contributions Act (FICA) imposes two payroll taxes on wages and self-employment income — one for Old-Age, Survivors, and Disability Insurance, commonly known as the Social Security tax, […]
#PayrollTaxes, #SocialSecurity, #TaxUpdate
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