POMS Reference

This change was made on Nov 15, 2017. See latest version.
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RS 01404.300: Maximum Contribution of Social Security Employment Taxes Paid By Employee

changes
*
  • Effective Dates: 11/09/2016 - Present
  • Effective Dates: 11/15/2017 - Present
  • TN 7 (12-98)
  • RS 01404.300 Maximum Contribution of Social Security Employment Taxes Paid By Employee
  • Year
  • Tax Rate %
  • Maximum Wages Taxable
  • Maximum Annual Contributions
  • 1937
  • 1.0
  • $3,000.00
  • $ 30.00
  • 1938
  • 1.0
  •  3,000.00
  •   30.00
  • 1939
  • 1.0
  •  3,000.00
  •   30.00
  • 1940
  • 1.0
  •  3,000.00
  •   30.00
  • 1941
  • 1.0
  •  3,000.00
  •   30.00
  • 1942
  • 1.0
  •  3,000.00
  •   30.00
  • 1943
  • 1.0
  •  3,000.00
  •   30.00
  • 1944
  • 1.0
  •  3,000.00
  •   30.00
  • 1945
  • 1.0
  •  3,000.00
  •   30.00
  • 1946
  • 1.0
  •  3,000.00
  •   30.00
  • 1947
  • 1.0
  •  3,000.00
  •   30.00
  • 1948
  • 1.0
  •  3,000.00
  •   30.00
  • 1949
  • 1.0
  •  3,000.00
  •   30.00
  • 1950
  • 1.5
  •  3,000.00
  •   45.00
  • 1951
  • 1.5
  •  3,600.00
  •   54.00
  • 1952
  • 1.5
  •  3,600.00
  •   54.00
  • 1953
  • 1.5
  •  3,600.00
  •   54.00
  • 1954
  • 2.0
  •  3,600.00
  •   72.00
  • 1955
  • 2.0
  •  4,200.00
  •   84.00
  • 1956
  • 2.0
  •  4,200.00
  •   84.00
  • 1957
  • 2.25
  •  4,200.00
  •   94.50
  • 1958
  • 2.25
  •  4,200.00
  •   94.50
  • 1959
  • 2.5
  •  4,800.00
  •  120.00
  • 1960
  • 3.0
  •  4,800.00
  •  144.00
  • 1961
  • 3.0
  •  4,800.00
  •  144.00
  • 1962
  • 3.125
  •  4,800.00
  •  150.00
  • 1963
  • 3.625
  •  4,800.00
  •  174.00
  • 1964
  • 3.625
  •  4,800.00
  •  174.00
  • 1965
  • 3.625
  •  4,800.00
  •  174.00
  • 1966
  • 4.2
  •  6,600.00
  •  277.20
  • 1967
  • 4.4
  •  6,600.00
  •  290.40
  • 1968
  • 4.4
  •  7,800.00
  •  343.20
  • 1969
  • 4.8
  •  7,800.00
  •  374.40
  • 1970
  • 4.8
  •  7,800.00
  •  374.40
  • 1971
  • 5.2
  •  7,800.00
  •  405.60
  • 1972
  • 5.2
  •  9,000.00
  •  468.00
  • 1973
  • 5.85
  • 10,800.00
  •  631.80
  • 1974
  • 5.85
  • 13,200.00
  •  772.20
  • 1975
  • 5.85
  • 14,100.00
  •  824.85
  • 1976
  • 5.85
  • 15,300.00
  •  895.05
  • 1977
  • 5.85
  • 16,500.00
  •  965.25
  • 1978
  • 6.05
  • 17,700.00
  • 1,070.85
  • 1979
  • 6.13
  • 22,900.00
  • 1,403.77
  • 1980
  • 6.13
  • 25,900.00
  • 1,587.67
  • 1981
  • 6.65
  • 29,700.00
  • 1,975.05
  • 1982
  • 6.70
  • 32,400.00
  • 2,170.80
  • 1983
  • 6.70
  • 35,700.00
  • 2,391.90
  • 1984
  • 6.70
  • 37,800.00
  • 2,532.60
  • 1985
  • 7.05
  • 39,600.00
  • 2,791.80
  • 1986
  • 7.15
  • 42,000.00
  • 3,003.00
  • 1987
  • 7.15
  •  43,800.00
  • 3,131.70
  • 1988
  • 7.51
  •  45,000.00
  • 3,379.50
  • 1989
  • 7.51
  •  48,000.00
  • 3,604.80
  • 1990
  • 7.65
  •  51,300.00
  • 3,924.45
  • 1991
  • 6.20 (OASDI)
  •  53,400.00
  • 3,310.80
  • 1.45 (HI)
  • 125,000.00
  • 1,812.50
  • 1992
  • 6.20 (OASDI)
  • 55,500.00
  •  3,441.00
  • 1.45 (HI)
  • 130,200.00
  • 1,887.90
  • 1993
  • 6.20 (OASDI)
  • 57,600.00
  •  3,571.20
  • 1.45 (HI)
  • 135,000.00
  • 1,957.50
  • 1994
  • 6.20 (OASDI)
  • 60,600.00
  •  3,757.20
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 1995
  • 6.20 (OASDI)
  • 61,200.00
  •  3,794.40
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 1996
  • 6.20 (OASDI)
  • 62,700.00
  •  3,887.40
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 1997
  • 6.20 (OASDI)
  • 65,400.00
  •  4,054.80
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 1998
  • 6.20 (OASDI)
  • 68,400.00
  •  4,240.80
  • 1.45(HI)
  • No Limit
  • No Limit
  • 1999
  • 6.20 (OASDI)
  • 72,600
  • 4,501.20
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2000
  • 6.20 (OASDI)
  • 76,200
  • 4,724.40
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2001
  • 6.20 (OASDI)
  • 80,400
  • 4,984.80
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2002
  • 6.20 (OASDI)
  • 84,900
  • 5,263.80
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2003
  • 6.20 (OASDI)
  • 87,000
  • 5,394.00
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2004
  • 6.20 (OASDI)
  • 87,900
  • 5,449.80
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2005
  • 6.20 (OASDI)
  • 90,000
  • 5,580.00
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2006
  • 6.20 (OASDI)
  • 94,200
  • 5,840.40
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2007
  • 6.20 (OASDI)
  • 97,500
  • 6,045.00
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2008
  • 6.20 (OASDI)
  • 102,000
  • 6,324.00
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2009–2010
  • 6.20 (OASDI)
  • 106,800
  • 6,621.60
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2011
  • 4.20 (OASDI)
  • 106.800
  • 4,485.60
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2012
  • 4.20 (OASDI)
  • 110,100
  • 4624.20
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2013
  • 6.20 (OASDI)
  • 113,700
  • 7049.40
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2014
  • 6.20 (OASDI)
  • 117,000
  • 7254.00
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2015–2016
  • 6.20 (OASDI)
  • 118,500
  • 7347.00
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2017
  • 6.20 (OASDI)
  • 127,200
  • 7886.40
  • 1.45 (HI)
  • No Limit
  • No Limit
  • 2018
  • 6.20 (OASDI)
  • 128,700
  • 7979.40
  • 1.45 (HI)
  • No Limit
  • No Limit
  • NOTE: For 1984, the employee portion of the tax contribution was added to by 0.30 percent from general tax revenues to equal the 7.00 percent paid by employers, whose maximum annual contribution was $2,646.00. In 2011, the employee portion of the OASDI tax contribution was reduced to 4.20 percent.