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What are the taxable limits for Social Security, Medicare, and FUTA taxes?

Views: 4876 Created: 2014-07-10 14:31 Last Updated: 2019-12-31 16:12

SYMPTOM

What are the tax year 2019 tax ceilings for Social Security wages, Medicare wages, and FUTA wages?

SOLUTION

The current 2019 tax ceilings are as follows: 

  • Social Security is $132,900.
  • FUTA is $7,000.
  • Medicare has no ceiling.

Note: Please refer to IRS Publication 15 Circular E for additional information.

APPLIES TO

  • Yearli Core
  • Yearli Performance