Federal Social Security Tax Tables
2019
| PAYROLL TAXES |
|
Social Security |
Medicare |
| Employee |
6.2% of first $132,900 of income |
1.45% |
| Self-Employed |
12.4% of first $132,900 of income |
2.90% |
| Individuals with earned income of more than $200,000 ($250,000 for married couples filing jointly) pay an additional 0.9% in Medicare taxes. The tax rates shown above do not include the 0.9%. |
2018
| PAYROLL TAXES |
|
Social Security |
Medicare |
| Employee |
6.2% of first $128,400 of income |
1.45% |
| Self-Employed |
12.4% of first $128,400 of income |
2.90% |
| Individuals with earned income of more than $200,000 ($250,000 for married couples filing jointly) pay an additional 0.9% in Medicare taxes. The tax rates shown above do not include the 0.9%. |
The information presented here is not intended to be a comprehensive analysis. Cherry Bekaert Benefits Consulting is a benefits advisory firm and does not provide tax or legal advice. Individuals or Employers should consult with qualified legal and/or tax counsel for guidance in respect of matters of law, tax and related regulation.
Federal Social Security Tax Tables
2019
2018
The information presented here is not intended to be a comprehensive analysis. Cherry Bekaert Benefits Consulting is a benefits advisory firm and does not provide tax or legal advice. Individuals or Employers should consult with qualified legal and/or tax counsel for guidance in respect of matters of law, tax and related regulation.