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2008 FICA BASE: $102,000
The IRS has announced (Notice 2007-92) that the FICA base for 2008 will be $102,000. That means the employer and employee FICA tax of 6.2% will max out at $6,324. The $102,000 is also the ceiling for...
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2010 FICA max to remain at $106,800
The maximum income subject to the 6.2% FICA tax applied to both employers and employees will remain at $106,800 for 2010. That means the maximim FICA that can be withheld from any employee for 2010...
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FICA max rises to $113,700 for 2013
The Social Security Administration has announced that the maximum earnings subject to the 6.2% FICA tax rises to $113,700 for 2013. It had been $110,100 for 2012. That same cap applies to the 12.4%...
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FICA Max rises to $117,000 for 2014
The Social Security Administration has announced that the maximum earnings subject to the 6.2% FICA tax rises to $117,000 for 2014. It has been $113,700 for 2013. That same cap applies to the 12.4%...
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FICA Max remains unchanged for 2016 at $118,500.
he Social Security Administration has announced that the maximum earnings subject to the 6.2% FICA tax remains unchanged at $118,500 for 2016. The same cap applies to the 12.4% retirement portion of...
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