Social Security and Medicare Tax Rates and Wage Bases

The table below illustrates the year 2015 through 2017 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

2015

2016

2017

2015

2016

2017

Social Security

 

2015 - 6.20%

$118,500

 

 

$7,347.00

 

 

2016 - 6.20%

 

$118,500

 

 

$7,347.00

 

2017 - 6.20%

 

 

$127,200

 

 

$7,886.40

Medicare

 

2015 - 1.45%

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

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2016 - 1.45%

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

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2017 - 1.45%

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

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Change History

 

 

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