Previous:
Next:

2011 Social Security and Medicare Tax

These changes went into effect January 1, 2011:

  • – The employee tax rate for social security is 4.2%.
  • – The employer tax rate for social security remains un-changed at 6.2%.
  • – The 2011 social security wage base limit is $106,800.
  • – In 2011, the Medicare tax rate is 1.45% each for employers and employees, unchanged from 2010.
  • – There is no wage base limit for Medicare tax.

This entry was posted on Tuesday, March 22nd, 2011 at 9:00 am and is filed under 2011 Tax Year. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.