What if you paid too much social security tax?

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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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How much do workers pay for Social Security taxes?

FICA contributions, including various sub (categories of things like SS, Disability, Health, etc) are 15.30% of FICA wages. What is considered FICA wages differ from other wag

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

How much is the social security tax?

The social security tax is 6.2 percent of an employee's wage. Anemployer also contributes another 6.2 percent, which is a total of12.4 percent.

How much is social security tax?

In the UK you do not pay tax on social security benefit. In the USA the Social Security tax is levied equally on employees and employers. It is about 7.65% on each. The tax

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 paid over

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 whethe

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

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