6300  22 Mile Road, Suite 3

Shelby Township, MI  48317

(586) 323-1200  or  (517) 455-7003

Fica / Medicare Limits

The social security and medicare wage and tax limits are as follows;

 

2018:

The wage limit for Social Security taxes is $128,700.00. The maximum tax to be withheld from employees is $7,979.40. The rate for employees is 6.2% and 6.2% for employers. The Medicare rate is 1.45% for both employees and employers and the wage limit is unlimited.  There is an additional 0.9% Medicare tax for both employees and employers if an employees earnings are $200,000 or more for the year.

 

2017:

The wage limit for Social Security taxes is $126,000.00. The maximum tax to be withheld from employees is $7,812.00. The rate for employees is 6.2% and 6.2% for employers. The Medicare rate is 1.45% for both employees and employers and the wage limit is unlimited.  There is an additional 0.9% Medicare tax for both employees and employers if an employees earnings are $200,000 or more for the year.

 

2016:

The wage limit for Social Security taxes is $118,500.00. The maximum tax to be withheld from employees is $7,347.00. The rate for employees is 6.2% and 6.2% for employers. The Medicare rate is 1.45% for both employees and employers and the wage limit is unlimited.  There is an additional 0.9% Medicare tax for both employees and employers if an employees earnings are $200,000 or more for the year.