U.S. Social Security Fact Sheet for 2018 Published
The U.S. Social Security Administration has published a fact sheet for the 2018 Social Security rates and cap. For both employers and employees, the rate for the Social Security portion (OASDI) remains 6.20%, and the rate for the Medicare portion remains 1.45%. For the self-employed, the OASDI rate remains 12.4% and the Medicare rate remains 2.9%. The taxable earnings cap for OASDI is increased…
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