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
Program	Tax Rate	2018	2019	2020	2018	2019	2020
Social Security	2018 - 6.20%	$128,400			$7,8960.80
	2019 - 6.20%		$132,900			$8,239.80
	2020 - 6.20%			$137,700			$8,537.40
Medicare	2018 - 1.45%	No Limit - additional .9% after $ 200,000 (2.35%)			--------------
	2019 - 1.45%	No Limit - additional .9% after $ 200,000 (2.35%)			--------------
	2020 - 1.45%	No Limit - additional .9% after $ 200,000 (2.35%)			--------------

Change History

January 3, 2020 – Updated to reflect 2020 SS and Medicare Tax Rates and Wage Bases.
March 26, 2019 – Updated to reflect 2019 SS and Medicare Tax Rates and Wage Bases.
January 4, 2018 – Updated to reflect 2018 SS and Medicare Tax Rates and Wage Bases.
December 20, 2016 - Updated to reflect 2017 SS and Medicare Tax Rates and Wage Bases.
February 5, 2016 - Updated to reflect 2016 SS and Medicare Tax Rates and Wage Bases.
April 17, 2015 - Updated to reflect 2015 SS and Medicare Tax Rates and Wage Bases.
November 4, 2013 - Updated to reflect 2014 SS and Medicare Tax Rates and Wage Bases.
January 11, 2013 - Update to reflect 2013 legislative changes back to 6.2% for Social Security (SS) and increase in SS Wage base. Also additional .9% Medicare withholdings generally when individual earns $ 200,000.

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