Earn $192,300 in 2027 and You Pay the Maximum $11,922.60 in Social Security Tax. The Cap Rose $7,800 in One Year
An article on 247wallst.com explains that Social Security's wage cap rises $7,800 to $192,300 in 2027, meaning top earners will pay a maximum $11,922.60 in Social Security tax. Maurie Backman says higher earners could take a serious hit and recommends tax-loss selling, maxing out retirement accounts, or consulting a tax professional.
