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Table of Contents
1 State and Federal Fast Wage and Tax Facts – ADP
- Author: adp.com
- Published: 04/23/2022
- Review: 4.89 (829 vote)
- Summary: Social Security – 6.2%; Medicare – 1.45%; Additional Medicare – 0.9%; Unemployment – 6% (0.6% with full credit reduction). State unemployment tax rates
- Detail: https://www.adp.com/resources/tools/tax-guides-and-forms/state-and-local-tax-guides/state-tax-guide.aspx
2 Topic No. 751 Social Security and Medicare Withholding Rates – IRS
- Author: irs.gov
- Published: 05/17/2022
- Review: 4.61 (365 vote)
- Summary: The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the
- Detail: https://www.irs.gov/taxtopics/tc751
3 Increasing Payroll Taxes Would Strengthen Social Security
- Author: cbpp.org
- Published: 08/16/2022
- Review: 4.49 (222 vote)
- Summary: · Increasing Social Security payroll tax rates. … of earnings (6.2 percent each) up to a cap, which in 2016 is $118,500 of a worker’s wages
- Detail: https://www.cbpp.org/research/social-security/increasing-payroll-taxes-would-strengthen-social-security
4 Office of Tax Analysis | U.S. Department of the Treasury
- Author: home.treasury.gov
- Published: 07/21/2022
- Review: 4.23 (489 vote)
- Summary: Average Effective Federal Corporate Tax Rates (April 2016) … Credit (October 2016); The Tax Expenditure For Life Insurance Inside Buildup (September 2016)
- Detail: https://home.treasury.gov/policy-issues/tax-policy/office-of-tax-analysis
5 DC Individual and Fiduciary Income Tax Rates | otr
- Author: otr.cfo.dc.gov
- Published: 02/13/2022
- Review: 4.03 (597 vote)
- Summary: Individual and Fiduciary Income Taxes The taxable income of an individual who is domiciled in the District at any time during the tax year (or who maintains
- Detail: https://otr.cfo.dc.gov/page/dc-individual-and-fiduciary-income-tax-rates
6 Social Security And Medicare Tax Rate – H&R Block
- Author: hrblock.com
- Published: 06/02/2022
- Review: 3.93 (371 vote)
- Summary: So, the total Medicare tax rate percentage is 2.9%. Only the employee portion of Medicare taxes is withheld from your paycheck. There’s no wage-based limit for
- Detail: https://www.hrblock.com/tax-center/irs/tax-brackets-and-rates/social-security-and-medicare-tax-rate/
7 Social Security Wage Base and Rate 2019
- Author: ctlr.msu.edu
- Published: 05/07/2022
- Review: 3.74 (436 vote)
- Summary: Maximum deduction: $8,239.80 ($132,900.00 x 6.2%). If you reached the wage base threshold in 2016, this tax resumes with the first payroll in 2018; resulting in
- Detail: http://www.ctlr.msu.edu/copayroll/SSWageBaseRate.aspx
8 2016 Payroll Tax Unchanged; Tax Brackets Nudge Up – SHRM
- Author: shrm.org
- Published: 11/05/2021
- Review: 3.41 (562 vote)
- Summary: · On Oct. 15, 2015, the Social Security Administration (SSA) announced that there will be no increase in monthly Social Security benefits in 2016,
- Detail: https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/fica-social-security-tax-2016.aspx
9 2022 Social Security Taxable Wage Base and Limit – Paycor
- Author: paycor.com
- Published: 04/08/2022
- Review: 3.37 (595 vote)
- Summary: · There is no wage limit for Medicare tax, which is currently 1.45% and applied to all covered wages paid. Both employees and employers have to
- Detail: https://www.paycor.com/resource-center/articles/social-security-taxable-wage-base/
10 Individual Income Filing Requirements – NCDOR
- Author: ncdor.gov
- Published: 04/02/2022
- Review: 3.16 (288 vote)
- Summary: · Do not include any social security benefits in gross income unless: … spouse qualifies for innocent spouse relief of the joint federal tax
- Detail: https://www.ncdor.gov/taxes-forms/individual-income-tax/individual-income-filing-requirements
11 Individual Income Tax (1040ME) | Maine Revenue Services
- Author: maine.gov
- Published: 05/04/2022
- Review: 2.9 (73 vote)
- Summary: The income tax rates are graduated, with rates ranging from 5.8% to 7.15% for tax years beginning after 2015. The rates ranged from 0% to 7.95% for tax years
- Detail: https://www.maine.gov/revenue/taxes/income-estate-tax/individual-income-tax-1040me
12 Your 2022 Tax Rates | Texas Workforce Commission
- Author: twc.texas.gov
- Published: 01/01/2022
- Review: 2.87 (78 vote)
- Summary: Learn more about how your Unemployment Insurance tax rate is calculated including its components and the minimum and maximum tax rates for the current year
- Detail: https://twc.texas.gov/businesses/your-tax-rates
13 Social Security taxes up to $147,000 in wages. That could change
- Author: cnbc.com
- Published: 06/30/2022
- Review: 2.64 (82 vote)
- Summary: · How raising the wage base could work … Once a worker crosses the threshold of paying Social Security taxes on the first $147,000 of their annual
- Detail: https://www.cnbc.com/2022/04/30/social-security-taxes-up-to-147000-in-wages-that-could-change.html
14 FICA & SECA Tax Rates – Social Security
- Author: ssa.gov
- Published: 06/11/2022
- Review: 2.6 (159 vote)
- Summary: Beginning in 2013, an additional HI tax of 0.9 percent is assessed on earned income exceeding $125,000 for each married individual filing separately, $200,000
- Detail: https://www.ssa.gov/oact/progdata/taxRates.html
15 2022 Contribution Rates, Withholding Schedules, and Meals … – EDD
- Author: edd.ca.gov
- Published: 07/25/2022
- Review: 2.39 (159 vote)
- Summary: Know the current contribution rates, withholding schedules, and meals and … Use e-Services for Business to manage your employer payroll tax account online
- Detail: https://edd.ca.gov/en/Payroll_Taxes/Rates_and_Withholding
16 2016 Social Security and Medicare Tax Withholding Rates and Limits
- Author: about.usps.com
- Published: 05/30/2022
- Review: 2.34 (106 vote)
- Summary: · The FICA Tax Rate, which is the combined Social Security rate of 6.2 percent and the Medicare rate of 1.45 percent, remains 7.65 percent for
- Detail: https://about.usps.com/postal-bulletin/2015/pb22429/html/info_002.htm
17 Tax Brackets (Federal Income Tax Rates) 2000 through 2022
- Author: moneychimp.com
- Published: 02/22/2022
- Review: 2.22 (115 vote)
- Summary: (See chart, at left.) – Additional changes apply to Social Security and Capital Gains. (See IRS Publications for 2013 2014 2015 2016 2017 2018 2019 2020 2021
- Detail: http://www.moneychimp.com/features/tax_brackets.htm
18 Social Security Exemption – Vermont Department of Taxes
- Author: tax.vermont.gov
- Published: 07/06/2022
- Review: 2.26 (99 vote)
- Summary: The exemption reduces a taxpayer’s Vermont taxable income before state tax rates are applied. Table 2 illustrates how the Vermont exemption is applied by filing
- Detail: http://tax.vermont.gov/individuals/income-tax-returns/social-security-exemption
19 Annual Tax Rates – Ohio Department of Taxation
- Author: tax.ohio.gov
- Published: 07/06/2022
- Review: 2 (133 vote)
- Summary: · Please note that as of 2016, taxable business income is taxed at a flat rate of 3%. The tax brackets were adjusted per House Bill 110. Taxpayers
- Detail: https://tax.ohio.gov/individual/resources/annual-tax-rates
20 Key Dates in the History of Social Security
- Author: nasi.org
- Published: 05/20/2022
- Review: 1.96 (77 vote)
- Summary: In 2011 and 2012, a “payroll tax holiday” temporarily reduced the Social Security tax rate for workers from 6.2 to 4.2 percent. The lost revenue to the Social
- Detail: https://www.nasi.org/learn/social-security/key-dates-in-the-history-of-social-security/
21 The Outlook for the Social Security Cap – Investopedia
- Author: investopedia.com
- Published: 10/11/2021
- Review: 1.91 (193 vote)
- Summary: · 2 As a result of the cap increase, workers earning at least $147,000 faced an annual increase of $260.40 in payroll taxes assessed at a 6.2%
- Detail: https://www.investopedia.com/articles/retirement/111816/will-social-security-cap-increase-help-it-last-longer.asp
22 Taxation of Social Security Benefits – MN House Research
- Author: house.leg.state.mn.us
- Published: 07/29/2022
- Review: 1.86 (193 vote)
- Summary: Taxpayers with provisional income below the first tier threshold are allowed to exclude 100 percent of their Social Security benefits. For taxpayers with
- Detail: https://www.house.leg.state.mn.us/hrd/issinfo/sstaxes.aspx
