2022
2023
2024
Social Security Tax Rate - Employer
6.20%
6.20%
6.20%
Social Security Tax Rate - Employee
6.20%
6.20%
6.20%
Medicare Tax Rate
1.45%
1.45%
1.45%
Maximum Social Security Wage Base
147,000
160,200
168,600
Annual 401k Salary Deferral Limit - 402(g)
20,500
22,500
23,000
Maximum addition to defined contribution plan - 415(c)
61,000
66,000
69,000
Age-50 catch up contributions - 414(v)(2)(B)(i)
6,500
7,500
7,500