Tax Management
Payroll › Taxes🏦 FICA Taxes (Social Security & Medicare)
Social Security
6.2%Employee Rate6.2%
Employer Rate6.2%
Wage Base (2026)$168,600
Medicare
1.45%Employee Rate1.45%
Employer Rate1.45%
Additional Medicare+0.9% over $200k
FUTA (Employer)
0.6%Rate (after credits)0.6%
Wage Base$7,000
Max per Employee$42
🇺🇸 Federal Income Tax Brackets (2026)
| Income Range | Tax Rate | Tax on Bracket |
|---|---|---|
| $0 – $11,600 | 10% | $1,160.00 |
| $11,600 – $47,150 | 12% | $4,266.00 |
| $47,150 – $100,525 | 22% | $11,742.50 |
| $100,525 – $191,950 | 24% | $21,942.00 |
| $191,950 – $243,725 | 32% | $16,568.00 |
| $243,725 – $609,350 | 35% | $127,968.75 |
| $609,350+ | 37% | N/A |
Standard Deduction: $14,600 (single)
🗺️ State Income Taxes
No Income Tax States
Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming
Flat Tax States
Colorado (4.4%), Illinois (4.95%), Indiana (3.05%), Kentucky (4%), Massachusetts (5%), Michigan (4.25%), North Carolina (4.75%), Pennsylvania (3.07%), Utah (4.65%)
📊 YTD Tax Liability
Federal Withheld$0.00
State Withheld$0.00
Social Security$0.00
Medicare$0.00