Social Security benefits will increase in 2019 by 2.8% for cost-of-living. 67 million Americans will benefit from the change.
Wages subject to Social Security tax will increase to $132,900 in 2019 (up from $128,400 in 2018). This will cost high-income taxpayers an additional $279 in Social Security tax in 2019. (That amount matched by the employer for a total additional cost of $558).