2018 Payroll Tax Cap Will Nudge Slightly Higher

The maximum amount of earnings subject to the Social Security payroll tax in 2018 will be $128,700, up by $1,500 from the $127,200 maximum for 2017, the Social Security Administration announced in October. By Jan. 1, employers should adjust their payroll systems to account for the higher taxable wage base and notify affected employees that more of their paychecks will be subject to payroll withholding. https://goo.gl/pdMFVD #GlobalHR #HRTech