Social Security Tax Calculator
Social Security Tax Estimator
Calculate Social Security tax for employees and self-employed
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Formula
Employee SS Tax = min(wages, $168,600) x 6.2%; Self-Employed = min(net x 92.35%, $168,600) x 12.4%
Frequently Asked Questions
What is the Social Security tax rate?
Employees pay 6.2% on wages up to the wage base ($168,600 in 2024), matched by the employer for a total of 12.4%. Self-employed individuals pay the full 12.4% but can deduct half.
What is the Social Security wage base?
The wage base is the maximum amount of earnings subject to Social Security tax. For 2024, it is $168,600. Earnings above this amount are not subject to Social Security tax.
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