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The 2017 Social Security wage base increased by $8,700. The wage base in 2017 is $127,200. The 2016 Social Security wage base was $118,500. The Social Security wage base has increased in four of the last five years.
FICA wage base remains $118,500 in 2016. by Alice Gilman on. in Payroll Today. The Social Security Administration has announced that the 2016 taxable wage base for the Social Security portion of FICA will remain $118,500.The 6.2% Social Security tax is payable by both employers and employees; in 2016, the maximum tax is $7,347.he Social Security Administration has announced that the 2016 taxable wage base for the Social Security portion of FICA will remain $118,500.