What’s New for 2025

Social security and Medicare taxes for 2025. The social security tax rate is 6.2% each for the employee and employer. The social security wage base limit is $176,100.

The Medicare tax rate is 1.45% each for the employee and employer, unchanged from 2024. There’s no wage base limit for Medicare tax.

2025 withholding tables. The federal income tax withholding tables are included in Pub. 15-T, Federal Income Tax Withholding Methods.

Aggregate return filers must identify them- selves. Aggregate return filers must use the new Aggregate Return Filers Only section on Form 943, Employer’s Annual Federal Tax Return for Agricultural Employees, to identify whether they’re filing an aggregate return as a section 3504 agent, certified professional employer organization (CPEO), or other third party. For more information about these types of aggregate return filers, see the Instructions for Form 943.

Direct deposit of Form 943 refund is now available. Executive Order (EO) 14247 , Mod- ernizing Payments To and From America’s Bank Account, issued on March 25, 2025, promotes

82 Chapter 13 Employment Taxes Publication 225 (2025)

the IRS will provide transition relief to employers and payers for the tax year 2025 reporting requirements. Monitor IRS.gov for more information about the available relief.