Social Security taxes

Social Security taxes are a common aspect of employment for many Americans, with both employees and employers typically contributing 6.2% of earnings, up to the $168,600 wage cap in 2024.  However, not everyone falls under this…

Before you file your next tax return, review some of the most complicated areas of the tax code. The fact that you are exempt from paying Social Security tax on income beyond the "taxable maximum"—which is $147,000 for 2022 and increases…