Quick Answer (Projected): The 2027 Social Security COLA is estimated at approximately ~2.5%. Maximum monthly benefit at FRA is projected at approximately ~$4,118. The SS wage base rises to approximately ~$181,500.
2027 Benefit Amounts (Projected)
| Claiming Age | 2027 Projected Max | 2026 Confirmed |
|---|---|---|
| Age 62 (early) | ~$2,902 | $2,831 |
| Age 67 (FRA) | ~$4,118 | $4,018 |
| Age 70 (delayed) | ~$5,236 | $5,108 |
| Average retiree | ~$2,025 | ~$1,976 |
2027 Earnings Test Thresholds (Projected)
| Situation | 2027 Projected Limit | 2026 Confirmed |
|---|---|---|
| Under FRA (entire year) | ~$24,000/year | $23,400/year |
| Year you reach FRA | ~$63,700/year | $62,160/year |
| Month you reach FRA and after | No limit | No limit |
Taxation of Benefits — Thresholds Unchanged
The taxation thresholds for Social Security benefits are set by statute and have never been indexed for inflation. They remain the same for 2027:
| Filing Status | Combined Income | % of Benefits Taxable |
|---|---|---|
| Single | Below $25,000 | 0% |
| Single | $25,000 – $34,000 | Up to 50% |
| Single | Above $34,000 | Up to 85% |
| Married Filing Jointly | Below $32,000 | 0% |
| Married Filing Jointly | $32,000 – $44,000 | Up to 50% |
| Married Filing Jointly | Above $44,000 | Up to 85% |
See Confirmed 2026 Limits: For official SSA-published figures, see our 2026 Social Security Benefits page.