As of March 9, individuals with annual wage and salary earnings of $1 million or more have officially stopped contributing to Social Security for the remainder of the calendar year. The nation’s ...

That’s because the U.S. government only collects payroll taxes up to a “taxable maximum,” which in 2026 is $184,500.

The Social Security payroll tax is capped at $184,500 in 2026. Some high earners have already stopped paying into the program ...