SSA changes 2018 wage base to $128,400

In October of each year, the Social Security Administration announces adjustments that take effect the following January that are based on the increase in average wages. Based on the wage data Social Security had at the time of the October 13, 2017, announcement, the maximum amount of earnings subject to the social security tax (taxable maximum) was to increase to $128,700 in 2018, from $127,200 in 2017. (Social Security News, November 28, 2017.)

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