--- title: Social Security Administration Announces 2018 Policy Adjustments description: On October 13, 2017, the Social Security Administration (SSA) publicized a number of policy adjustments that will go into effect for 2018. 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[Hospitality, Restaurants, and Retail](https://scottandco.com/industries/retail) - [Manufacturing and Distribution](https://scottandco.com/industries/manufacturing) - [Medical](https://scottandco.com/industries/medical) - [Nonprofit](https://scottandco.com/industries/non-profit) - [Professional and Business Services](https://scottandco.com/industries/professional-services) - [Real Estate](https://scottandco.com/industries/real-estate) - [Insights](https://scottandco.com/blog) - [Careers](https://scottandco.com/careers) 1 min read # Social Security Administration Announces 2018 Policy Adjustments [Admin](https://scottandco.com/blog/author/admin) Oct 26, 2017, 12:00:00 AM [Blog](https://scottandco.com/blog/tag/blog) ![Social Security Administration Announces 2018 Policy Adjustments](https://scottandco.com/hubfs/Imported_Blog_Media/480197249-1.jpg) On October 13, 2017, the Social Security Administration (SSA) publicized a number of policy adjustments that will go into effect for 2018. The changes include the following: - The maximum amount of wages subject to the 6.2% Social Security tax will rise from its current level of $127,200 to $128,700 (an increase of a little more than 1%); - The maximum amount of Social Security tax a taxpayer could pay, therefore, will increase from $7,886.40 to $7,979.40, an increase of $93; - Social Security beneficiaries will receive a 2% increase in benefits (on average, $27/month); - An increase in the amount a worker under full retirement age can earn (from $16,920 to $17,040) before his/her Social Security benefits are reduced—beyond this earnings point, $1 in benefits is withheld for every $2 earned above the limit. For more details, read the article in full at the [*Journal of Accountancy*](https://www.journalofaccountancy.com/news/2017/oct/social-security-wage-base-2018-201717654.html?utm_source=mnl:alerts&utm_medium=email&utm_campaign=13Oct2017&utm_content=headline). - [Tweet](https://twitter.com/share) ![Scott Logo with Tagline - FINAL-ReversedText](https://scottandco.com/hs-fs/hubfs/Scott%20Logo%20with%20Tagline%20-%20FINAL-ReversedText.png?width=300&height=92&name=Scott%20Logo%20with%20Tagline%20-%20FINAL-ReversedText.png)   ##### Quick Links Quick Links - [About](https://scottandco.com/about) - [Services](https://scottandco.com/services) - [Industries](https://scottandco.com/industries) - [Insights](https://scottandco.com/blog) - [Careers](https://scottandco.com/careers) ![SCBIZ BPTW logo 2026](https://scottandco.com/hs-fs/hubfs/SCBIZ%20BPTW%20logo%202026.png?width=150&height=158&name=SCBIZ%20BPTW%20logo%202026.png) Proud to be named a South Carolina 2026 Best Places to Work—our 12th year on this prestigious list. 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