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Social Security Wage-Base Limit for 2019

October 12, 2018

The Social Security wage base will increase to $132,900 in 2019, higher than the amount projected in the June 2018 Annual Report of The Board of Trustees.

Alert

The Social Security wage base will increase from $128,400 to $132,900 in 2019, higher than the $132,300 projected in the June 2018 Annual Report of The Board of Trustees.

The Medicare tax rate for 2019 remains at 1.45% of all covered earnings for employers and employees. Effective since 2013, the Additional Medicare Tax of 0.9% applies to earned income of more than $200,000 ($250,000 for married couples filing jointly). Employers withhold this tax on wages in excess of $200,000 regardless of an employee’s filing status.

Below is a comparison of the changes from 2018 -2019

Description	2018	2019	Change
Social Security Tax Rate for Employees	6.20%	6.20%	0
Social Security Rate for Employers	6.20%	6.20%	0
Social Security Wage base	$128,400	$132,900	$4,500
Maximum Tax For Employers	$7,960.80	$8,239.80	$279.00
Maximum Tax For Employees	$7,960.80	$8,239.80	$279.00

Thank you for choosing Paylocity as your Payroll Tax partner. Should you have any questions please contact your Paylocity Account Manager.

This information is provided as a courtesy, may change and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney or Advisor.