2018 FICA Increase

The Social Security wage base will increase from $127,200 to $128,400 in 2018, lower than the $130,500 some projected. 

• The Medicare tax rate for 2018 remains at 1.45% of all covered earnings for employers and employees.
• The Additional Medicare Tax of 0.9% applies to earned income of more than $200,000 ($250,000 for married couples filing joint).
• Employers are required to withhold the additional 0.9% on covered wages in excess of $200,000, but there is
  no employer matching contribution.

You can access the complete Social Security Administration fact sheet here.

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