Skip to main content Skip to footer

2023 Social Security Taxable Wage Amounts Increase

2023 Social Security Taxable Wage Amounts Increase

The Social Security Administration has announced that, effective January 1, 2023, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $160,200 from $147,000. This update is based on the increase of average wages and is addressed in a recently released Social Security Fact Sheet.

Posted: 

By: 

Adams Keegan

In Category: 

We use cookies to improve user experience and analyze website traffic. By clicking “Accept“, you agree to our website's cookie use as described in our Privacy Policy.