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Conor Kregecz

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2019 Payroll Update

Social Security and Medicare Tax As of January 1, 2019, the maximum amount of annual earnings subject to the Social Security increases to $132,900 (from $128,400 in 2018). There is no limit on the amount of earnings subject to the Medicare tax. The maximum Social Security tax to be deducted from an employee’s compensation during 2019 will be $8,239.80 (6.2% x $132,900).

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Blog Feature

Construction & Real Estate  |  Government Contractors  |  Healthcare  |  Manufacturing & Distribution  |  Nonprofit

2018 Payroll Update

This payroll update was compiled by the following members of Gross Mendelsohn's tax department: Dawn Ebeling, CPA; Conor Kregecz, CPA; and Paul Wallace, CPA, CFP(R). Social Security and Medicare Tax As of January 1, 2018, the maximum amount of annual earnings subject to Social Security increases to $128,400 (from $127,200 in 2017). There is no limit on the amount of earnings subject to the Medicare tax. The maximum Social Security tax to be deducted from an employee’s compensation during 2018 will be $7,960.80 (6.2% x $128,400).

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