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Social Security and Medicare Taxes

 

2008 Changes

The maximum amount of wages subject to the social security tax for 2008 is $102,000. There is no limit on the amount of wages subject to the Medicare tax.

2009 Changes

The maximum amount of wages subject to the social security tax for 2009 is $106,800. There is no limit on the amount of wages subject to the Medicare tax.

 


Page Last Reviewed or Updated: July 08, 2009