2023 Social Security/Medicare Taxable Earnings

Social Security:

Individuals are taxed at 6.20% for Social Security up to an earned income of $160,200.


Individuals are taxed at 1.45% for Medicare with no limit to earned income. Once an individual earns more than $200,000 ($250,000 for married couples filing joint) an additional Medicare tax of 0.9% is added (2.35% total).