The HRTech Wire

SSA Bumps Up Social Security Taxable Wage Base For 2027

The SSA has set the 2027 Social Security taxable wage base at $192,300, up $7,800 from the current $184,500, with the employee/employer tax rate holding at 6.2%, according to HR Morning. HR and payroll teams will need to update withholding configurations, but no HR-tech vendor or platform changes are named in the announcement.