What was the Social Security limit for 2017?
Mia Ramsey
Published Apr 05, 2026
$127,200
The Social Security Administration (SSA) announced that the maximum amount of wages in 2017 subject to the 6.2% Social Security tax (old age, survivor, and disability insurance) will rise from $118,500 to $127,200, an increase of more than 7%.
What is the SS wage base for 2020?
$137,700
On October 10, 2019, the Social Security Administration (SSA) announced that the 2020 Social Security wage base will be $137,700, which is an increase of $4,800 from $132,900 in 2019. There is no limit to the wages subject to the Medicare tax; therefore, all covered wages are still subject to the 1.45% tax.
What if my employer doesn’t pay my SSS?
There might be a delay in either remitting or posting the contributions. If your employer deliberately avoids paying your contributions for a long time, it’s a violation of the Social Security Law. File a non-remittance complaint at the SSS branch nearest to your employer’s office or business location.
What is the Social Security tax earnings base for 2017?
Contribution and benefit bases, 1937-2021
| Year | Amount |
|---|---|
| 2016 | 118,500 |
| 2017 | 127,200 |
| 2018 | 128,400 |
| 2019 | 132,900 |
Can I pay previous years in SSS?
To the Self-employed Person and Voluntary Member Self-employed and voluntary members may pay their monthly contributions prospectively or in advance, but never retroactively to cover month/s when no contribution payments were remitted.
What was the maximum Social Security in 2016?
Worker with steady earnings at the maximum level since age 22
| Retirement in Jan. | Retirement at age 62 a/ | Retirement at age 65 b/ |
|---|---|---|
| AIME | Monthly benefits | |
| 2014 | 8,890 | 2,676 |
| 2015 | 9,066 | 2,653 |
| 2016 | 9,431 | 2,697 |
What if my employer doesn’t pay my philhealth?
For failure or refusal to remit (and/or report) contributions the employer shall be punished with a fine of not less than five thousand pesos (Php 5,000.00) but not more than ten thousand pesos (Php 10,000.00) multiplied by the total number of employees of the firm.
Is there penalty for not paying SSS contribution?
Unpaid SSS contributions and penalty for late payments thereon of three percent (3%) per month. Obey the SS Law and its rules and regulations.
What is the employer Social Security tax rate for 2017?
[The employer’s Social Security tax rate for 2017 was 6.2% of each employee’s first $127,200 of wages, salaries, etc. If an employee’s wages, salaries, etc. were greater than $127,200, the amount in excess of $127,200 was not subject to the Social Security tax.
How does employer pay affect Social Security taxes?
Employer-paid premiums are similar in value to wages, but allow employers to avoid the additional Social Security tax they would incur from paying higher wages instead of paying premiums. However, the exemption substantially reduces taxes paid and a large proportion of the reductions in taxes go toward higher-income individuals. 11
When do you not have to pay Social Security tax?
(This amount is identical to the employee’s Social Security tax that is withheld from the employee’s wages, salaries, etc.) If an employee’s wages, salaries, etc. are greater than $142,800, the amount in excess of $142,800 is not subject to the Social Security tax.
What is the employer’s Social Security tax rate for 2019?
The employer’s Social Security payroll tax rate for 2019 (January 1 through December 31, 2019) is the same as the employee’s Social Security payroll tax: 6.2% of each employee’s first $132,900 of wages, salaries, etc.
