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Employers are responsible for several mandatory payroll taxes at both federal and state levels. Federal Payroll Taxes: Social Security: 6.2% on wages up to $160,200 (2025) Medicare: 1.45% on all wages (no limit) Additional Medicare: 0.9% on wages over $200,000; FUTA: Up to 6% on first $7,000 of wages; State-Level Taxes:

Social Security and Medicare withholding rates. The current tax rate for Social Security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total. Refer to Publication 15 (Circular E), Employer's Tax Guide for more information.

Benefit Calculators. Frequently Asked Questions. Benefit estimates depend on your date of birth and on your earnings history. For security, the "Quick Calculator" does not access your earnings record; instead, it will estimate your earnings based on information you provide. So benefit estimates made by the Quick Calculator are rough.

Social Security tax withholding calculator. Calculate the estimated payroll taxes due on wages for both employees and employers. ... (FICA) taxes in the event that the total of all W2 earning (from multiple employers) for the year (2025) exceed $113,700. HI calculations are unaffected since they are not subject to a wage cap.

Choose your state below to find a state-specific payroll calculator, check 2025 tax rates, and other local information: ... Here’s how it breaks down: Employers pay 6.2% of Social Security tax and employees pay 6.2%, for a total of 12.4%. A further 1.45% of Medicare tax is paid by the employee, and the employer matches this 1.45%, for a total ...

Social security and Medicare taxes for 2025. The rate of social security tax on taxable wages is 6.2% each for the employer and employee. The social security wage base limit is $176,100.The Medicare tax rate is 1.45% each for the employee and employer, unchanged from 2024.

Determine the Social Security tax: For tax years 2021/22/23, the Social Security tax rate is 6.2% for both the employer and the employee. The tax is applied to the employee's wages up to a certain income threshold, known as the Social Security wage base. Calculate the FICA Medicare tax:

Tax Changes for 2013 - 2025. For 2011 and 2012 only, the employee's "half" didn't equal the employer's "half" for Social Security: they contributed 4.2% and 6.2% respectively. For 2013, both contribute 6.2%. For 2017, there is a very large increase in the Social Security income limit, from $118,500 to $127,200.

In this instance, any employee who earned $176,100 or more in 2025 would contribute $10,918.20 to Social Security. Remember, the employer must match employee contributions dollar for dollar, so they would also pay $10,918.20 in Social Security taxes. How to calculate FICA taxes

The OASDI tax rate for wages paid in 2025 is set by statute at 6.2 percent for employees and employers, each. Thus, an individual with wages equal to or larger than $176,100 would contribute $10,918.20 to the OASDI program in 2025, and his or her employer would contribute the same amount.

The Social Security tax rate for employees is generally 6.2% of earnings up to the annual wage base limit. Employers also pay a matching 6.2%, resulting in a total tax of 12.4% on covered earnings. ... A Social Security Tax Calculator 2025 can help estimate your retirement benefits, but remember to also factor in state taxes. For North Carolina ...

Both employers and employees pay Social Security tax, until the wage base is reached. ... OASDI uses the following numbers to calculate the 2025 Social Security Wage Base: 1994 Wage Base (used for any year after 1994) – $60,600.00; 1992 Average Wage Index – $22,935.42;

Calculate My Social Security Income ... For 2025, the Retirement Earnings Test Exempt Amount is $23,400/year ($1,950/month). If you’re in this age group and claiming benefits, then every $2 you make above the Exempt Amount will reduce by $1 the Social Security benefits you'll receive. (Note that only income from work counts for the Earnings ...

A maximum amount of compensation is subject to the Social Security tax, but there’s no maximum for Medicare tax. For 2025, the FICA tax rate for employers will be 7.65% — 6.2% for Social Security and 1.45% for Medicare (the same as in 2024). Updates for 2025. For 2025, an employee will pay: 6.2% Social Security tax on the first $176,100 of ...

Frequently Asked Questions About Social Security Taxes in 2025. Do I Have to Pay Taxes on Social Security After Age 70? Yes, Social Security benefits can be taxable regardless of age. Even after age 70, if your combined income exceeds IRS thresholds, up to 85% of your benefits may be subject to federal income tax.

For 2025, the FICA tax rate for employers will be 7.65% — 6.2% for Social Security and 1.45% for Medicare (the same as in 2024). Updates for 2025. For 2025, an employee will pay: 6.2% Social Security tax on the first $176,100 of wages (6.2% × $176,100 makes the maximum tax $10,918.20), plus

As an employer, you are required to withhold 6.2% of each employee’s gross wages for Social Security tax, up to the Social Security tax limit. For 2024, this limit is $168,600. Once an employee’s earnings exceed this limit, Social Security tax is no longer withheld from their wages for the remainder of the year, though Medicare tax still ...

How much self-employment tax will you owe in 2025 with deductions? What is the self-employment tax rate for 2025? The self-employment tax rate is 15.3%, which is made up of: 12.4% Social Security tax on net self-employment income up to $168,600. 2.9% Medicare tax on all net earnings. An additional 0.9% Medicare surtax on income over a certain ...

How to calculate FICA tax withholding in 2025. For 2025, the withholding rates remain consistent with prior years. Here’s the breakdown on how to calculate FICA tax: Social Security tax. Employee contribution: 6.2%; Employer contribution: 6.2%; Total (employee + employer): 12.4%; Taxable wage base limit for 2025 (announced by the Social Security Administration): $167,700.