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

Views: 4561 Created: 2014-07-10 14:31 Last Updated: 2018-12-12 15:46

SYMPTOM

What are the tax year 2018 tax ceilings for Social Security wages, Medicare wages, and FUTA wages?

SOLUTION

The current 2018 tax ceilings are as follows: 

  • Social Security is $128,400.
  • Social Security Tax is $7,960.80.
  • FUTA is $7,000.
  • Medicare has no ceiling.

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

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