---
title: Social Security Wage Base Increases to $160,200 for 2023
description: Social Security Administration announces the 2023 social security wage base will be $160,200.
---

[Pay News Now](https://blogs.payroll.org/pay-news-now)

# [Social Security Wage Base Increases to $160,200 for 2023](https://blogs.payroll.org/pay-news-now/social-security-wage-base-increases-to-160200-for-2023)

 Written by [Jyme Mariani, Esq.](https://blogs.payroll.org/pay-news-now/author/jyme-mariani-esq) | Oct 13, 2022 5:27:00 PM

On October 13, the Social Security Administration (SSA) announced that the 2023 social security wage base will be $160,200, which is an increase of $13,200 from $147,000 in 2022 \[SSA, [**Press Release**](https://www.ssa.gov/news/press/releases/2022/?utm_content=pressrelease&utm_medium=email&utm_source=govdelivery#10-2022-2), 10-13-22\]. The SSA Fact Sheet is available at [**https://www.americanpayroll.org/compliance/compliance-overview/annual-irs-annoucements**](https://www.americanpayroll.org/compliance/compliance-overview/annual-irs-annoucements).

***Maximum social security tax.*** The maximum social security tax employees and employers will each pay in is $9,932.40, an increase of $818.40 from $9,114.00 in 2022.

For more information, see the [**APA Compliance Update**](https://www.americanpayroll.org/compliance/compliance-updates/social-security-wage-base-increases-to-$160-200-for-2023). Compliance updates are emailed to APA members and are also available on the [**Compliance Updates**](https://www.americanpayroll.org/compliance/compliance-updates) webpage.

To learn more about federal and state laws, regulations, and information to keep your company's payroll operations in compliance, check out [**Payroll Source Plus**](https://ebiz.americanpayroll.org/ebusiness/ProductCatalog/Product.aspx?ID=6067)!

*Jyme Mariani, Esq., is Managing Editor of* Payroll Currently *and Senior Manager of Payroll Information Resources for the APA.*

[View full post](https://blogs.payroll.org/pay-news-now/social-security-wage-base-increases-to-160200-for-2023)

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