Major Social Security change could cost some workers $967 a year

3 days ago 42

The Social Security Administration raised the maximum amount of earnings subject to the Social Security tax – known as Maximum Taxable Earnings or Contribution Base – from $184,500 to $192,300.

The Social Security Administration recently announced a 3.6% cost of living adjustment in 2027 - the highest figure in four years. Tucked away in that announcement was another – and costlier - change for high earners.

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