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The Social SecurityAdminstration issued the inflation adjusted FICA base for 2009; it will be $106,800. That means an employee's 6.2% FICA tax for 2009 will top out at $6,621.60. The 1.45% Medicare component has no wage limit. Employers pay a matching tax. Self-employed taxpayers pay both sides of the FICA tax through their self-empoyment tax.
What else can I help you with?
When does social security stop coming out of paycheck in 2009?
According to the SS web site, it is $106,800. You can go to the site and search on "maximum earnings subject to social security 2009".
Duplicate copy of 2009 social security benefits how can i get it?
you can contact the Social Security Administration at 800-772-1213 and a representative can mail it to you.
At what income do you stop paying FICA in 2009?
In 2009, $106,800 for Social Security. No maximum for Medicare.
What was the cost of living adjustment for Social Security benefits in 2009?
It was 5.8%.
How much does social security cost per year?
For 2008, the maximum social security tax withholding for an individual is $6,324, the tax on $102,000. For 2009, the maximum social security tax withholding for an individual is $6,622, the tax on $106,800.
What was the 2009 Social Security tax cap?
$106,800. Remember there is no cap on the Medicare tax.
What is the fica limit for 2009?
Maximum 2009 Social Security tax of 6.20% on the first $106,800 of earned income = $6621
Does Obama's plan reduce the dollar amount of social security withholding for those making beyond the 106800 max In other words will the max dollar amount still be 6221?
no
When was the Social Security tax cap last changed?
The Social Security tax cap was last raised in 2009, increasing 4.7% from $102,000 to $106,800. It remains unchanged for 2010 and 2011.
You are on social security disability will you receive a stimulus check for 2009?
Persons eligible for Social Security or Social Security Supplemental Income (SSI) in November or December 2008 or January 2009 will receive a $250 check in May 2009.
Is the Max Social Security withholding changing?
Yes, the amount that is the cap on applicable wages is going up, as it does just about every year.
Who issues Social Security numbers?
The Social Security Administration issues Social Security numbers.
