Everything You Need to Know About the Social Security Tax
If you work in the US then you must pay Social Security Tax. Not only that but you must also pay Medicare Tax. If you are a regular employee of a company then this is done for you automatically. The...
View ArticleYes Virginia, There is a Social Security Tax Limit
The Social Security tax is what funds the benefits we get later in life, as you know. Every worker pays his or her share through payroll either deduction or self-employment taxes. What we pay is...
View ArticleThe Social Security Tax Rate: a Constant in a Sea of Change
The Social Security Tax Rate is Very Stable The Social Security tax rate stays the same from year to year. There was a two-year period (2011-2012) where there was a reduced rate for what employees...
View ArticleUnderstanding Social Security Tax Withholding
You may be wondering how the Social Security tax withholding is calculated on each of your paychecks. Denoted as FICA on your paycheck, the Social Security tax is required by law, of all who earn...
View ArticleSocial Security Tax Forms
What to Do With Social Security Tax Forms You Get in the Mail Did you get a Social Security tax form in the mail? Chances are you’re talking about a SSA-1099, which is your statement of Social Security...
View ArticleIs Social Security Taxable?
Is Social Security taxable? The Social Security benefits you get may or may not be taxable, and it’s not an easy or quick answer. There’s a series of questions you have to answer before you can...
View ArticleLiving Only on Social Security
With all the talk of our ailing, failing Social Security administration, it’s hard to imagine living only on Social Security but turns out lots of people are doing it…and they’re not suffering too much...
View ArticleSocial Security at 62?
The Country’s Social Security Problem is Worse Than We Thought Taking retirement and Social Security benefits early at age 62 is the biggest mistake you can make, according to most sources. It’s a big...
View ArticleHow the Social Security Tax Can Save Us All
Recently the Social Security and Medicare Trustees reported that, starting in 2033, Social Security benefits will have to be reduced. Not only that, but Disability Insurance, the often forgotten part...
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