2026 Payroll Rates and Bases
| Employee Social Security and Medicare | 6.20% / 1.45% | |
| Employer Social Security and Medicare | 6.20% / 1.45% | |
| Social Security Wage Limit | $184,500 | |
| Medicare Wage Limit | Unlimited | |
| FUTA (Federal Unemployment Tax Act) taxable wage base | $7,000 | |
| FUTA rate | 6.0% | |
| FUTA maximum credit | 5.4% | |
| Minimum FUTA deposit rate | .6% | |
| *Withhold added Medicare tax rate of .9% on wages over $200,000. |
2026 Qualified Retirement Plan Limits
| Pretax contributions for 401(k)and SEP plans | $24,500 | |
| Workers aged 50 and over (Catch-up) | $8,000 | |
| Combined employer/employee pay-in limits for all defined contribution plans | $72,000 | |
| Annual compensation limit under Sec. 401(s)(17) and Section. 404(1) | $360,000 | |
| Sec. 408(k)(3)(c) IRA, SEP or | ||
| SIMPLE plan limits | $360,000 | |
| SIMPLE pretax contribution limit | $17,000 | |
| Workers aged 50 and over (Catch-up) | $4,000 |