Learn the 2025 and 2026 FICA tax rates, Social Security wage base limits and Medicare surtax thresholds. See what employees ...

Are you confused or confounded about the money taken out of your paycheck every week? Wondering what Social Security and Medicare taxes have to do with you? Here’s what to know about U.S. federal ...

FICA taxes fund Social Security and Medicare, critical for retirees and Medicare recipients. Employees and employers each pay a 7.65% FICA rate; self-employed pay 15.3%. FICA's future challenges ...

The Internal Revenue Service has established rules which require FICA taxes to be withheld on all employees. However, Section 3121 (b)(10) provides an exemption for students enrolled at least half ...

Employers must understand how to correctly classify independent contractors vs. employees for federal tax purposes.

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Employee paychecks create two conflicting feelings of satisfaction and uncertainty for many workers. The total gross pay shows your earnings yet the actual amount that goes to your bank account falls ...