The FICA Tax Calculator (Social Security & Medicare) is a simple yet essential tool for employees, employers, and self-employed individuals who want to estimate their payroll tax obligations under the Federal Insurance Contributions Act (FICA). FICA taxes fund Social Security and Medicare programs, and understanding your contributions is important for budgeting and tax planning.

This calculator allows you to input your gross wages, filing status, and other relevant details to compute the exact amounts withheld for Social Security and Medicare taxes based on current IRS rates and wage limits. It accounts for the Social Security wage base limit and the additional Medicare tax for high earners.

For employees, the calculator shows your share of FICA taxes deducted from your paycheck, while self-employed individuals can use it to estimate their combined employer-employee contributions. This information is valuable for payroll processing, tax filings, and financial planning.

Understanding FICA taxes helps you anticipate deductions, plan for retirement benefits, and stay compliant with federal tax laws. The calculator also highlights the differences between standard Medicare taxes and the additional surtax applied to higher incomes.

Whether you are managing payroll, preparing your tax return, or simply curious about your FICA contributions, the FICA Tax Calculator provides quick and accurate estimates. It is an indispensable tool for anyone navigating US payroll taxes.