2013 Social Security Rates and Ceilings

The FICA wage limit for tax year 2013 is $113,700. The temporary decrease in the employees SS tax rate from 6.2% to 4.2% is scheduled to expire Dec 31, 2012. If it does, the 2013 SS tax rate for employees  will go back to 6.2%. Regardless, the employer SS rate remains at 6.2%. Their is no wage ceiling on the 1.45% employee of employer Medicare tax.

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