FICA/SELF-EMPLOYMENT TAX_YEAR 2014 & 2015

Maximum FICA (OASDI) wage base:

  • Year 2014: $117,000
  • Year 2015: $118,500

FICA tax rate (employer/employee):

  • Year 2014: 7.65%/7.65%
  • Year 2015: 7.65%/7.65%

Self-Employment tax rate:

  • Year 2014: 15.3%
  • Year 2015: 15.3%

Maximum FICA tax (employer/employee):

  • Year 2014: $8,951/$8,951
  • Year 2015: $9,065/$9,065

Maximum self-employment tax (to OASDI limit):

  • Year 2014: $17,901
  • Year 2015: $18,131

Maximum Medicare health insurance wage base:

  • Year 2014: Unlimited
  • Year 2015: Unlimited

Medicare health insurance rate:

  • Year 2014: 1.45% + 0.9% above $200,000
  • Year 2015: 1.45% + 0.9% above $200,000

Earned income ceilings for SS benefits: early retirement age:

  • Year 2014: $15,480
  • Year 2015: $15,720

Earned income ceilings for SS benefits: full retirement age and over:

  • Year 2014: Unlimited
  • Year 2015: Unlimited

Basic Medicare B premium:

  • Year 2014: $104.90/month, $1,258.80 to $4,028.40/year
  • Year 2015: $104.90/month, $1,258.80 to $4,028.40/year