Social Security Limits
|
Tax Year |
Social Security Wage
Base & Rate |
Medicare Wage Base
& Rate |
Social Security Earning
Limit B4 Benefit Reduction* |
|
2005 |
90,000 12.4% |
No Limit 2.9% |
|
|
2004 For Tax Returns prepared in 2005! |
87,900 12.4% |
No Limit 2.9% |
|
|
2003 For Tax Returns prepared in 2004! |
87,000 12.4% |
No Limit 2.9% |
11,520 |
|
2002 |
84,900 12.4% |
No Limit 2.9% |
11,280 |
|
2001 |
80,400 12.4% |
No Limit 2.9% |
10,680 |
|
*Earning limit is
below age 65. Age 65 and older there
is no benefit reduction. |
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