2025 tax updates & retirement contribution limits
Here are the 2025 updates for Social Security, Medicare, and MA PFML taxes:• 6.2% Social Security tax on the first $176,100 of wages (6.2% × $176,100 makes the maximum tax $10,918.20).• 1.45% Medicare tax on the first $200,000 of wages.• 2.35% Medicare tax (regular 1.45% Medicare tax plus 0.9% additional Medicare tax) on all wages [...]