INQUIRY 19-11, Federal Insurance Contribution Act (FICA)
Published: December 20, 2019
Effective: Pay Period 26, 2019
Summary
The Federal Insurance Contributions Act (FICA) maximum amount paid by employees as it applies to payments received on or after January 1, 2020, is described below.
FICA Employee
The current Federal Social Security (Old-Age, Survivors, and Disability Insurance (OASDI)) and Medicare amounts are calculated by multiplying the current FICA-taxable wages by the appropriate FICA rate.
The FICA rate remains 7.65 percent. Of the 7.65 percent, the 6.2 percent Social Security portion has a maximum annual earnings of $137,700 with a maximum amount paid by the employee of $8,537.40. The FICA Medicare rate remains 1.45 percent on wages up to $200,000. The FICA Medicare rate remains 2.35 percent for the portion of wages over $200,000.
Medicare-Only Employee
The Medicare rate remains 1.45 percent on wages up to $200,000. The Medicare rate remains 2.35 percent for the portion of wages over $200,000.
No action on the part of the employee or the personnel office is necessary.
Inquiries
For questions about National Finance Center (NFC) processing, authorized Servicing Personnel Office representatives should contact the NFC Contact Center at or via the customer service portal.