Important Disclaimer — Not Financial Advice
The results from this calculator are for informational and educational purposes only. They are not a guarantee of actual outcomes and should not be considered financial, investment, tax, or legal advice. Always consult a qualified professional for advice tailored to your specific financial situation. See our Terms of Service and Privacy Policy for more information.
The FICA Calculator helps employees and self-employed individuals determine their mandatory Federal Insurance Contributions Act tax withholdings, which fund Social Security and Medicare programs. Understanding these deductions is essential for accurate paycheck planning, budgeting, and ensuring you are prepared for your total annual tax obligations.
The FICA Calculator estimates the amount of Social Security and Medicare taxes withheld from an employee's paycheck, based on current tax rates and wage base limits.
The FICA tax rate is 7.65% for employees, consisting of 6.2% for Social Security and 1.45% for Medicare.
Social Security tax applies only up to an annual wage base limit, which is adjusted each year by the Social Security Administration.
High earners may be subject to an additional 0.9% Medicare surtax on wages exceeding $200,000 for single filers.
Self-employed individuals pay both the employee and employer portions of FICA taxes, totaling 15.3%.
Total FICA = (Gross Income * Social Security Tax Rate) + (Gross Income * Medicare Tax Rate) + (Additional Medicare Tax if applicable)
This formula aggregates the standard 6.2% Social Security tax and 1.45% Medicare tax applied to your gross earnings, plus any supplemental taxes for high earners.
A professional transitioning from a salaried job to freelancing would use this calculator to estimate their self-employment tax burden, as they are responsible for both the employer and employee portions of FICA. Similarly, a salaried employee might use it to verify that their employer's payroll department is withholding the correct amounts from their bi-weekly paycheck. By inputting their gross salary, users can gain a clear view of their take-home pay and avoid end-of-year tax surprises. It is an indispensable tool for anyone trying to maintain a precise monthly budget.
If you earn a gross annual salary of $60,000, the calculator applies the 6.2% Social Security tax and 1.45% Medicare tax to determine your total contribution. In this scenario, you would see a combined FICA deduction of $4,590 for the year.
These authoritative sources inform our calculator methodology and ensure accuracy.
Written by Qasem Mohammed
Financial tools developer and founder of QFINHUB. All calculators are built with industry-standard formulas and reviewed for accuracy. Content is for educational purposes only — always consult a qualified financial professional for decisions about your specific situation.
Last updated: June 25, 2026 ·About QFINHUB · Editorial Policy
Last reviewed by Qasem Mohammed — June 25, 2026
AI & Software Engineer, Founder & Lead Developer at QFINHUB · Editorial Policy
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Social Security Tax
$6,200.00
Medicare Tax
$1,450.00
Additional Medicare Tax
$0.00
Total FICA Tax
$7,650.00
Effective FICA Rate
+0.08%