Annual Tax Updates

Social Security Limits

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2024

2023

2022

2021

2020

2019

2018

2017

2016

Year

Tax Rate*

Social Security Wage Limit

6.20%

6.20%

6.20%

6.20%

6.20%

6.20%

6.20%

6.20%

6.20%

*In addition wages are subject to a 1.45% Medicare tax rate for which there is no wage limit

$168,600

$160,200

$147,000

$142,800

$137,700

$132,900

$128,400

$127,200

$118,500

The Federal Insurance Contributions Act (FICA) tax includes two separate taxes. One is Social Security tax and the other is Medicare tax. Different rates apply for each of these taxes.

Or Visit www.irs.gov

For More Info