Responding to a Right-to-Know Law request from a government watchdog group, Catasauqua accidentally released unredacted W-2 ...

The Social Security tax rate is 12.4% and is divided evenly between employers and employees, on a maximum wage base of $168,600 in 2024 ($160,200 in 2023).

The Social Security tax is part of the “ FICA taxes ” withheld from your paychecks. For 2022, the total Social Security tax rate is 12.4% on a worker’s first $147,000 in wages.

This week, two key Social Security benefits are scheduled for distribution. Ensure you're aware of the payment dates and eligibility criteria to avoid missing out on these crucial financial supports.

So, an employee whose salary exceeds the Social Security tax limit by $10,000 would save $620 in Social Security taxes this year. On the other hand, someone who earns wages exceeding the base by ...

This can be a significant tax cut for people earning more than the wage base. The tax rate for an employee's portion of the Social Security tax is 6.2%, so that's a pretty good savings for higher ...

With so much uncertainty surrounding Social Security and its solvency over the next 10 years, there is ongoing discussion about what, if any, steps should be taken. Short of a quick, bipartisan ...

As an employee, your wages are hit with the 12.4% Social Security tax up to the annual wage ceiling. Half the Social Security tax bill (equal to 6.2%) is withheld from your paychecks.

The Social Security tax withheld from the employee is $1,860 ($30,000 x .062). If another individual earns $180,000 per year or $15,000 per month, the maximum that can be taxed for Social Security ...

With so much uncertainty surrounding Social Security and its solvency over the next 10 years, there is ongoing discussion about what, if any, steps should be taken. Short of a quick, bipartisan ...