Social Security to Unveil 2027 Rule Changes on Oct. 14 as $184,500 Tax Cap Rises
Updated
Updated · The Globe and Mail · Sep 2
Social Security to Unveil 2027 Rule Changes on Oct. 14 as $184,500 Tax Cap Rises
3 articles · Updated · The Globe and Mail · Sep 2
Summary
Oct. 14, 2026 is when the Social Security Administration will release its 2027 updates, including the annual COLA and inflation-linked changes that take effect in January.
Three key adjustments are expected: a higher earnings threshold for one Social Security credit, an increase above the current $184,500 maximum taxable earnings cap, and higher earnings-test limits for beneficiaries still working.
Part-time workers could find it harder to earn all 4 annual credits, while higher-income workers would owe Social Security tax on more wages; workers below $184,500 would see no payroll-tax change.
Working beneficiaries under full retirement age would be able to earn more before benefits are withheld, above 2026 limits of $24,480 for the full year or $65,160 in the year they reach FRA.
Separate estimates have pointed to a 3.6% COLA for 2027, which could lift average monthly benefits by about $75, though the official figures will come with the Oct. 14 announcement.