FICA and SS deductions

Hi there.

To change the percentages deducted for FICA and SS in QuickBooks Desktop, you can edit the Medicare and Social Security. However, the rates are fixed, but you can still change the info on the taxes. Let me walk you through it by going to the Payroll Item List.

Here's how:

1. Open QuickBooks Desktop.
2. Click Lists on the top menu, then select Payroll Item List.
3. You can see different item lists that you can change.

The current tax rate for Social Security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45%. If everything is good, and you still notice that the amounts deducted are incorrect, autocorrect may be triggered. You can run the Payroll Summary Report to check if your employee is over/under-withheld during the last payroll.

Here's how:

1. Go to Reports from the top menu.
2. Select Employees & Payroll, then click Payroll Summary.
3. Change the Date to filter the date period.

You can also review your year-end checklist for QuickBooks Desktop Payroll. You can use this to prepare your tax forms.

If you have further concerns besides changing the deduction amount of FICA and SS, please feel free to reply below. It would be my pleasure to assist you always.