Skip to main content
Logo

Yearli Guide
Have questions? Our knowledge base has answers.
  1. Yearli Guide
  2. Yearli Core & Performance
  3. General Form Filing

What are the taxable limits for Social Security, Medicare and FUTA taxes?

September 15, 2020 19:12

The current 2020 tax ceilings are as follows: 

  • Social Security is $137,700.
  • FUTA is $7,000.
  • Medicare has no ceiling.

Note: Please refer to IRS Publication 15 Circular E for additional information.

Was this article helpful?
0 out of 0 found this helpful

Articles in this section

  • How do I access and complete IRS form 7200?
  • What is the difference between filing as a taxpayer vs reporting agent?
  • How do I update or change my 941, 944, or 940 PIN?
  • How do I make 941, 944, or 940 payments?
  • Can I file my 941, 944, or 940 form with my tax filing PIN?
  • Can I file my 941, 944, or 940 forms with my EFTPS PIN?
  • The 941, 944, or 940 image says "Copy Of E-File Return. Do Not File." Can I still use this?
  • Why does the recipient TIN only show the last four numbers?
  • How can I apply for a 941, 944, or 940 PIN?
  • What do I need to e-file 941/944/940 forms?
See more

Need more help?

Contact Us

© 2020 Greatland Corporation