Federal Tax and Reimbursement Rates

Social Security Tax 

  • For 2020:
    • The social security tax rate is 6.2%
    • The social security wage base limit is $137,700

Medicare Tax

  • For 2020:
    • The Medicare tax rate is 1.45%.
    • There is no wage base limit for Medicare tax.

Mileage Reimbursement

  • For 2020
    • 57.5┬ácents per mile per business miles driven