Correction to Social Security Wage Base for 2018

On November 27, 2017, the Social Security Administration (SSA) announced a correction to the 2018 Social Security Wage Base for 2018. The new amount for 2018, based on updated wage data reported to Social Security, is $128,400.

This lower taxable maximum amount is due to corrected W2s provided to Social Security in late October 2017 by a national payroll service provider. Approximately 500,000 corrections for W2s from 2016 caused the change.

Click to view SSA’s press release and updated fact sheet for more information.

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