What is the Social Security tax rate?

Employee rate is 6.2% on wages up to the annual wage base ($168,600 in 2024). No SS tax on wages above this limit.

What is the wage base limit?

The SS wage base is adjusted annually for inflation. Employers stop withholding SS tax once an employee hits the annual cap.

Is SS tax different for self-employed?

Self-employed individuals pay 12.4% (both employee and employer shares) on net self-employment income.

FICA Employee Social Security Tax Calculator

Calculate employee Social Security tax (6.2%) up to the annual wage base limit for payroll deduction purposes.

Principal ($)

Annual Rate (%)

Years

Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate employee Social Security tax (6.2%) up to the annual wage base limit for payroll deduction purposes. Use the employee ss tax result to inform your calculation.

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FICA Employee Social Security Tax Calculator

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Frequently Asked Questions

What is the Social Security tax rate?

What is the wage base limit?

Is SS tax different for self-employed?