What would you like to do?

What if you paid too much social security tax?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

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.
Thanks for the feedback!

Are social security disability checks taxed?

No, it is not a taxable income. Although they give you a 1099 at the end of the year. I would also check with your state laws and maybe a tax consultant if it is not your only

Do you pay taxes on Social Security when retired?

The answer depends on your individual circumstances. If you are retired and Social Security benefits are your only source of income, you may file, but generally will not be

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

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

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

How much money can you earn before you have to pay taxes on Social Security benefits?

2010 and 2011For a single taxpayer, If your total AGI is less than $25,000, you pay tax on 0% of your benefits.If your total AGI is $25-34,000, you pay tax on 50% of your bene

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

Do social security recipents pay social security tax?

Presumably the question is about U.S. Social Security taxes. Social Security taxes (commonly referred to as FICA taxes) are taken out of your earnings each time you receive a

Do you pay taxes if you collect social security?

Assuming that this is the United States, you have to pay federal taxes on Social Security benefits if a federal tax turn was filed as an individual and the total income was mo