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What is the maximum wages and self employment income subject to social security tax in 2012? Is it any different in 2013?

Social Security Tax
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Steven Potts JD EA
For 2012 the maximum earned income subject to social security tax is $110,100. The tax rate in 2012 was 4.2% for W-2 employees. This made the maximum social security tax $4,624.20. The maximum for the self-employed is $11,450 (4.2% individual + 6.2% employer portion = 10.4%).

In 2013 the maximum earned income subject to social security tax increases to $113,700. The maximum social security tax will increase to $7,049.40 for wage earners. This large increase is due to the amount that is taxed and the return to the 6.2% tax rate in 2013.
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