Skip to content
Social Security Online		       Questions?
www.socialsecurity.gov
 
SSA logo: link to Social Security Online home

Find An Answer to Your Question


Are you an employer? See answers to your W-2 Reporting questions.
 Answers 
 
Ask a Question
 
 My FAQ Update Notifications 
  hide accessible links  
  Help  
 
 Search by Category View Category Hierarchy
    
     Search Tips? 
   
    
  Answer ID  
214

 Printer Friendly Version of This Answer  Print Answer

 Email This Answer  Email Answer 		 
  What is maximum amount of earnings subject to Social Security taxes for 2008?
  Question
  What is maximum amount of earnings subject to Social Security taxes for 2008?
  Answer
 

The maximum amount of earnings that are subject to Social Security tax rises in step with increases in national average wages.

Maximum Earnings Taxable
Program 2006 2007 2008
Social Security $94,200 $97,500 $102,000
Medicare No Limit for any year after 1993

NOTE: The Social Security tax rate is 6.2% and the Medicare tax rate is 1.45% for each year shown above. Thus the maximum Social Security tax withheld in 2008 is $6,324.

You may also see a history of the FICA tax rate.
 
 
 
  
 
  Users who viewed this answer have also viewed
 
Search for Another Answer
  Search for Another Answer  

  Link to USA.gov: The U.S. government's official web portal. Privacy Policy | Website Policies & Other Important Information | Site Map         Need Larger Text?