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 cents per mile per business miles driven