Learn about FICA taxes, including Social Security and Medicare, and how they impact your paycheck. Understand the current rates and deductions.

If you’re self-employed, you already wear many hats—owner, operator, and maybe even accountant. But one critical role you may not think about as often is that of your own payroll department. Unlike ...

Q: Last year, I started working as a self-employed Web page designer. What must I do to get credit for my income with the IRS and Social Security? A: You report your net earnings for Social Security ...

For self-employed workers and entrepreneurs, understanding tax obligations is crucial, and the Social Security tax is a significant part of this equation. As we delve into 2025, it's important to be ...

Social Security taxes are calculated in a different manner than federal and state income taxes. In some ways, the process is much less complicated -- for example, there are no Social Security tax ...

If you are not self-employed, Social Security taxes are typically taken out of your paycheck automatically. You and your employer each pay a 6.2 percent Social Security tax on up to $132,900 of your ...

Individual taxable earnings of up to $184,500 annually will be subject to Social Security tax in 2026, the Social Security Administration (SSA) said Friday. The amount, an increase from $176,100 in ...