Tax Services, Information, and News
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.
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