What are the maximum Social Security wages subject to FICA tax for 2020 and 2021?
For 2020 and 2021, the maximum wages and self-employment income subject to social security tax are $137,700 and $142,800, respectively.
Additional Medicare Tax. Beginning in 2013, a 0.9% Additional Medicare Tax applies to Medicare wages, railroad retirement (RRTA) compensation, and self-employment income that are more than:
