Social Security and Medicare Tax Rates and Wage Bases

The table below illustrates the year 2017 through 2019 Social Security and Medicare tax rates, wage bases, and maximum taxes that can be withheld for OASDI (Old Age, Survivors, and Disability Insurance) and Medicare:

Program

 

Tax Rate

 

Wage Base

Maximum Tax Withheld

2017

2018

2019

2017

2018

2019

Social Security

 

2017 - 6.20%

$127,200

 

 

$7,886.40

 

 

2018 - 6.20%

 

$128,400

 

 

$7,960.80

 

2019 - 6.20%

 

 

$132,900

 

 

$8,239.80

Medicare

 

2017 - 1.45%

No Limit - additional .9% after $ 200,000 (2.35%)

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2018 - 1.45%

No Limit - additional .9% after $ 200,000 (2.35%)

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2019 - 1.45%

No Limit - additional .9% after $ 200,000 (2.35%)

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Change History

 

 

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