Social Security Changes - 2017
Maximum wages subject to Social Security tax
Answer:
The maximum amount of wages in 2017 subject to the 6.2% Social Security tax will rise from $118,500 to $127,200, an increase of more than 7%.
There is no limit on the amount of wages subject to the medicare tax at a rate of 1.45%
There is no limit on the amount of wages subject to the medicare tax at a rate of 1.45%
