- Wages for Social Security Purposes
- Maximum Earnings Creditable in any One Year
- Actual or Constructive Payment of Wages
- Cash-Pay Tests
- Pay for Work for Nonprofit Organization
- Does pay for military service after 1956 count as wages?
- Can you receive additional wage credits for military service after 1967?
- Can you receive wage credits for military service before 1957?
- Pay for Railroad Work
- Do commissions count as wages?
- Renewal Commissions of Life Insurance Salespersons
- Do payments from a plan or system for sickness, retirement, etc. count as wages?
- Does sick pay count as wages?
- Do payments to a profit-sharing or stock bonus plan count as wages?
- Do payments from or to a tax-exempt trust fund count as wages?
- Do payments to a Federal Thrift Savings Plan count as wages?
- Do payments from or to a tax-exempt annuity plan count as wages?
- Pension and Retirement Payments
- Do amounts deferred under a nonqualified deferred compensation plan count as wages?
- Do supplemental retirement plan payments count as wages?
- Do advance payments count as wages?
- Do loans count as wages?
- Do bonuses and wage dividends count as wages?
- Back Pay
- Do dismissal payments count as wages?
- Do strike benefits count as wages?
- Does idle time pay count as wages?
- Does vacation pay count as wages?
- Does veterans training pay count as wages?
- Tips
- Do prizes and awards from persons other than your employer count as wages?
- Do taxes withheld from pay count as wages?
- Do traveling and business expense payments count as wages?
- Do moving expense payments count as wages?
- Do wages paid after the worker's death count as wages?
- Do payments made to a disabled former employee count as wages?
- Are interns in the U.S. during World War II granted wage credits?
- Does group-term life insurance count as wages?
- Do payments from Individual Retirement Accounts (IRA's) and Keogh plans count as wages?
- Do payments provided by an employer for dependent care assistance count as wages?
- Do payments under or to a tax-sheltered annuity plan count as wages?
- Payments Under a Cafeteria Plan
- Do fringe benefits count as wages?
- Do meals and lodging count as wages?
- Do payments that are not intended as remuneration for employment count as wages?
There are 7 Comments
Work Information
"Hi" I need a copy of all my benefits from my jobs I have worked at. How do I get that information?
Social Security Earnings Statement
Please check this resource to obtain your Social Security Statement :
https://secure.ssa.gov/apps6z/isss/main.html
Maximum salary allowed
My husband would like to retire at age 62 but continue to work part-time. What is the amount he is allowed to make before he would have to pay back a portion to SS?
I think my emplyer is taking out to much social security on me
I only made 18,000 this yr but I paid out 1100 in Social Security how do I find out if they are taking to much out on my and why..
Your tax rate seems about right
The the FICA (Social Security / Medicare) tax rate, is 7.65 percent for employees and 15.30 percent for self-employed people. The rates are broken out as follows:
* 6.2% (Social Security portion) on earnings up to the maximum taxable amount ($106,800 in 2009)
* 1.45% (Medicare portion) on all earnings.
So your tax of $1,100 / $18,000 = 6.1 percent sounds about right for the Social Security tax.
However, you may essentially be eligible to get some of your FICA taxes "rebated" to you thru the Earned Income Credit. See here for details :
http://www.ssa.gov/policy/docs/progdesc/sspus/ernintax.pdf
Additional Deduction Money
Who do I contact to have additional money taken out of my Social security check per month for extra Income Tax deduction?
God Bless You
Withholding income tax from Social Security check
Please use IRS form W4-V for this.
When you complete the form, you will need to select the percentage of your monthly benefit amount you want withheld. You can have 7%, 10%, 15% or 25% of your monthly benefit withheld for taxes.
Sign the form and return it to your local Social Security office by mail or in person.
God bless you too ;-)