2016 Tax Rates
The Social Security Tax Rate for employees is 6.2% through the end of 2016, with maximum taxable earnings of $118,500. (Source: Social Security Administration Website)
Medicare tax rate is 1.45% with no maximum wage base limit.
Additional Medicare tax rate is 0.9% and will be withheld on employee wages paid in excess of $200,000 in the calendar year.
PA State Personal Income tax rate is 3.07%
PA State Unemployment tax rate is .07%
City of Philadelphia Wage tax rates effective 7/1/16 reduced from 3.9102% to 3.9004% for Philadelphia residents and from 3.4828% to 3.4741% for non-residents.
The monthly Pre-Tax limit for BOTH Transportation Commuter Benefits AND Parking is $255**.
**Legislation was signed in December 2015 permanently equalizing the pre-tax limit between transportation and parking benefits.
Click here for a print version of the 2016 tax rate table