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What Is the Current Social Security Tax Rate?

I'm trying to understand how the Social Security tax rate is applied to wages and how the employee and employer portions work. Does the amount change once someone reaches the Social Security taxable wage limit? What should small-business owners know when calculating payroll taxes?

Social Security tax rate

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@chloe replied to Charity
1 week ago

For 2026, the Social Security tax rate is 6.2% for employees and 6.2% for employers, for a combined 12.4%. The taxable wage base is $184,500. Self-employed individuals generally pay 12.4% toward Social Security as part of self-employment tax.