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July 8, 2021
Question

How do i see what the social security tax rate that's being deducted from paychecks?

  • July 8, 2021
  • 1 reply
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1 reply

July 8, 2021

Hello, Jeannette. 

 

I'll gladly share some details with you about the Social Security tax rate. 

 

The Social Security tax rate is already set automatically within the program. We're unable to see it in QuickBooks. Though, the current tax rate for both employers and employee is 6.2%. 

 

For more details about the tax rates, you can check this article: Payroll tax wage bases and limits

 

Also if you'd like to update your State Unemployment rates in QuickBooks, feel free to check this article for a guide: Update your State Unemployment Insurance (SUI) rate in QuickBooks or Intuit Payroll

 

If you need to check your payroll data, I'd recommend running the payroll reports in QuickBooks. This article can help you familiarize them: Run payroll reports.

 

I'm down to answer any other questions you might have regarding your payroll taxes. I can also help you out with any other processes in QuickBooks.