For the tax year 2009, employers are instructed to abstain from withholding social security tax after an employee reaches $106,800 in social security wages. This limit would limit an employee to paying $6,621.60 in social security taxes in 2009.
For 2008 the social security limit was $102,000 in social security wages, or $6,324.00 in social security taxes withheld.
Note- There is no limit on Medicare wages for either 2008 or 2009.
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