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What if you paid too much social security tax?

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What if you paid too much social security tax?
The wage base limit for social security tax withholding for 2008 is $102,000. The withholding is 6.2%, so the maximum per employee for the year is $6,324. Any amount withheld beyond that limit due to multiple employers is available as a credit against your income tax. If one employer erroneously withheld excess social security tax, that employer should make the correction.
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Do your tax pay your social security?

The taxes that you are paying now for for the social security and medicare insurance program are being used to pay for the benefits that the current beneficiaries are receivin

When are Social Security benefits paid?

If you're talking about retirement benefits, you should receive your first check or deposit in the month following your first month of eligibility; benefits are always paid in
Where do you find your social security tax?

Where do you find your social security tax?

Not sure what you are asking, but if you mean where do you find it on your paycheck stub, it is the number under the heading "F.I.C.A."

How can you find out how much you have paid into your own Social Security account?

That information is classified as personal. You may request YOUR SS statement on line. Your Social Security statement shows what earnings were taxed. To start and see if you c

What if you paid too much social security?

  Well ptretty much the onlyway that can happen is if you had more than one employer and reached the max SS income (something like $108,500) that year. So employer one pai

Do you have to have taxes taken out of your social security check and if so how much?

No you do not have to have taxes taken out of your SS check. Unless you specifically request to have taxes taken out, they will not be taken out. But remember that whether y

Is social security disability taxed?

Potentially, yes-it depends on your income level. The amount taxed could be very low. In general, up to 50 percent of your SSDI benefits may be taxed, which is determined by a

How do you calculate for Social Security tax?

Go to the IRS gov website and use the search box for IRS Publication 915, Social Security and Equivalent Railroad Retirement Benefits. Publication 915 is available on the IRS

When did Social Security tax begin?

The Social Security Act of 1935 was signed into law by President Franklin D. Roosevelt on August 14, 1935. The government began collecting taxes for Social Security in January
How can you find out how much you have paid into social security?

How can you find out how much you have paid into social security?

To start and see if you can find the information that you want you may have to contact your local SSA office. You can also go to the SSA.gov website and use the search box for

What should you do when your employer has not deducted or paid Social Security tax?

If you were a employee and had a employer you can use the below information for your situation. Firms and workers file Form SS-8 to request a determination of the status of a