2015 Social Security Payroll Tax Rates

On October 23, 2014, the Social Security Administration announced that effective January 1, 2015, there will be changes in the FICA and Medicare payroll tax rates. Make sure that you revise your payroll software and/or adjust your calculations to cover the change in the 2015 amounts. The beauty for 2015 is that there is NO change in the percentages. (more…)