Social security withholding is 6.2% of wages, up to $127,200 of wages can be taxed at this rate, making the max SS paid in 2017 $7,886.40. The Medicare rate is an additional 1.45%.
4 Replies
SweetieJean
Level 15
Jun 4, 2019 2:55:17 PM
SS withholding from your pay? Or Social Security benefits received?
rpedean
New Member
Jun 4, 2019 2:55:18 PM
ss withholding
rpedean
New Member
Jun 4, 2019 2:55:20 PM
from pay
DawnC0
Intuit Alumni
Jun 4, 2019 2:55:21 PM
Social security withholding is 6.2% of wages, up to $127,200 of wages can be taxed at this rate, making the max SS paid in 2017 $7,886.40. The Medicare rate is an additional 1.45%.