The Social Security Administration announced the 2015 maximum amount of earnings subject to Social Security tax has increase to $118,500, up from $117,000 in 2014.
FICA percentages will remain the same as last year: 6.2% Social Security; 1.45% Medicare on first $200,000, increasing to 2.35% on further earnings.
Click here for more 2015 cost of living adjustments.