https://ttlc.intuit.com/community/retirement/discussion/what-is-maximum-social-security-taxes/01/317264#M27486 Mon, 03 Jun 2019 19:01:26 GMT jpesce 2019-06-03T19:01:26Z https://ttlc.intuit.com/community/retirement/discussion/what-is-maximum-social-security-taxes/01/317264#M27486 Mon, 03 Jun 2019 19:01:26 GMT https://ttlc.intuit.com/community/retirement/discussion/what-is-maximum-social-security-taxes/01/317264#M27486 jpesce 2019-06-03T19:01:26Z https://ttlc.intuit.com/community/retirement/discussion/the-social-security-medicare-combined-tax-rate-is-7-65/01/317273#M27488 <P>The Social Security /Medicare combined tax rate is 7.65%.&nbsp;</P><P>This tax rate is the combined rate for Social Security and Medicare.&nbsp; The Social Security portion (OASDI) is 6.20% on earnings up to the applicable taxable maximum amount (see attached screenshot)).<BR /></P><P>At the 2016 maximum earnings for SS ($118,500) , the annual tax would be $7,347.</P><P>See:&nbsp;<A href="https://www.ssa.gov/news/press/factsheets/colafacts2016.html" rel="nofollow" target="_blank">https://www.ssa.gov/news/press/factsheets/colafacts2016.html</A></P> Mon, 03 Jun 2019 19:01:27 GMT https://ttlc.intuit.com/community/retirement/discussion/the-social-security-medicare-combined-tax-rate-is-7-65/01/317273#M27488 ToddL 2019-06-03T19:01:27Z