Tax Employer Company

What's New

Social security and Medicare taxes for 2025. The rate of social security tax on taxable wages is 6.2% each for Publication 15 (2025) Catalog Number 10000 W Dec 17, 2024 Department of the Treasury Internal Revenue Service the employer and employee. The social security wage base limit is $176,100.The Medicare tax rate is 1.45% each for the employee and employer, unchanged from 2024. There is no wage base limit for Medicare tax.Social security and Medicare taxes apply to the wages of household workers you pay $2,800 or more in cash wages in 2025. Social security and Medicare taxes apply to election workers who are paid $2,400 or more in cash or an equivalent form of compensation in 2025.Electronic filing of some amended employment tax returns now available. You can now file an amended Form 940, Employer's Annual Federal Unemployment(FUTA) Tax Return; Form 941-X, Adjusted Employer's QUARTERLY Federal Tax Return or Claim for Refund;Form 943-X, Adjusted Employer's Annual Federal Tax Re-turn for Agricultural Employees or Claim for Refund; and Form 945-X, Adjusted Annual Return of Withheld Income Tax or Claim for Refund, electronically using Modernizede-File (MeF). At this time, MeF can’t be used to file Form944-X, Adjusted Employer's ANNUAL Federal Tax Return or Claim for Refund; or Form CT-1 X, Adjusted Employer's Annual Railroad Retirement Tax Return or Claim for Re-fund.