Search results
People also ask
What is the Social Security tax rate for 2019?
How much will the Social Security tax increase in 2019?
Does Social Security tax have a wage base limit?
What is the wage base limit for Medicare & Social Security?
2018 2019 Maximum Taxable Earnings Social Security (OASDI only) $128,400 : $132,900 . Medicare (HI only) No Limit . Quarter of Coverage : $1,320 . $1,360 : Retirement Earnings Test Exempt Amounts Under full retirement age . $17,040/yr. ($1,420/mo.) $17,640/yr. ($1,470/mo.) NOTE: One dollar in benefits will be withheld for every $2 in earnings above
- 313KB
- 2
Oct 12, 2018 · Starting Jan. 1, 2019, the maximum earnings that will be subject to the Social Security payroll tax will increase by $4,500 to $132,900—up from the $128,400 maximum for 2018, the Social...
- 1800 Duke Street, Alexandria, 22314
- (800) 283-7476
Oct 12, 2018 · The Social Security Administration (SSA) has announced that the wage base for computing the Social Security tax (OASDI) in 2019 will increase to $132,900. This is up from $128,400 for 2018.
The Social Security Wage Base for tax year 2019 is $132,900. The employer and employee tax rate for Social Security will be withheld at 6.2 percent (up to $8,239.80). The 2019 Social Security and Medicare coverage threshold for Household wages is $2100.
Social security and Medicare tax for 2019. The social security tax rate is 6.2% each for the employee and em-ployer, unchanged from 2018. The social security wage base limit is $132,900. The Medicare tax rate is 1.45% each for the employee and employer, unchanged from 2018. There is no wage base limit for Medicare tax. Dec 17, 2018
Feb 13, 2024 · Only the Social Security tax has a wage base limit. The wage base limit is the maximum wage that's subject to the tax for that year. For earnings in 2024, this base is $168,600. Refer to "What's New" in Publication 15 for the current wage limit for Social Security wages. There's no wage base limit for Medicare tax.
