2018 Payroll Tax Cap Will Nudge Slightly Higher

The maximum amount of earnings subject to the Social Security payroll tax in 2018 is $128,700 up by $1,500 from the $127,200 maximum for 2017, the Social Security Administration (SSA) announced on Oct. 13.

Of the estimated 175 million workers who will pay Social Security taxes in 2018, about 12 million will pay more because of the increase in the “taxable-maximum amount,” beginning on Jan. 1, 2018.
Source: New feed 2