2025 FICA TAX TABLE
(As of December
16, 2024)
The FICA tax table is based on tax information available to
SkilMatch as of December 16, 2024.
NOTE: The SkilMatch program has a two-screen layout that
allows for separate Employee and Employer rates and limits.
Key “UPDATE” to change the data on the FICA tables.
NOTE: Tax table
changes are effective for the company number entered.
You will need to REPEAT the setup for ALL company numbers for which you are calculating payroll taxes.
Tax tables will be effective for both Temp and Staff
for this company number.
First Screen – EMPLOYEE
Percentages and Limits
NOTE: The Maximum Gross $ Allowing Advanced EIC is
$ 00.00 (zero)
Key the figures displayed in the image above into your
FICA tables.
Click [Next] to advance to the
second screen.
Second Screen – EMPLOYER
Percentages and Limits
Key the figures displayed in the image above into
second screen of FICA tables.
Click [Finished] to complete and
save the changes made to the FICA tables.
You will need to REPEAT the setup for ALL company numbers for which you are calculating payroll taxes. Tax tables will be effective for both Temp
and Staff for this company number.
LEGAL
DISCLAIMER and Customer Responsibilities:
When SkilMatch staff or a SkilMatch program provides
information, data, calculation, tax tables, magnetic media or paper reporting
to SkilMatch customers, a “best efforts” attempt has been made by SkilMatch to
verify that the information is correct as SkilMatch understands it or as it has
been explained to SkilMatch.
SkilMatch-provided tax tables and reporting are provided to assist
customers in setting up your tax table records and to assist customers in
reporting to government authorities. Tax
laws and requirements change frequently and it is a customer’s responsibility
to verify the accuracy of all SkilMatch-provided information and reporting with
your tax advisor, accountant and/or attorney.
SkilMatch attempts to monitor for tax
table and reporting changes. However,
when a customer receives ANY notification of change from a taxing authority,
SkilMatch should be notified. SkilMatch
depends on customers who are closest to the taxing authorities to provide
information that will affect their businesses.
Any and all written, verbal or electronic information provided by
SkilMatch regarding tax tables and government reporting (1) is meant to provide
general information about the payroll process, (2) is not intended to provide
tax or legal advice, (3) is not intended to address, and is not meant to
address, the entire body of federal, state and local law and regulation
governing the payroll process, payroll taxes, government reporting or employment
law. Such laws and regulations change
frequently and their effects can vary widely based upon specific facts,
circumstances and timing. Each customer
is responsible for consulting with a professional tax advisor, accountant
and/or attorney concerning its specific concerns and compliance.