How much income tax is paid on social security?

Answer Individuals who work for an employer are taxed at a rate of 6.2 percent for social security taxes and self-employed workers pay 12.4 percent as of 2009. Income over $106,800 is nontaxable for all w... Read More »

Top Q&A For: How much income tax is paid on social security

Is the Social Security tax paid included in the reportable income on a W-2?

The Social Security tax that is withheld from your paychecks by your employer is not a deductible expense. It is included in your total taxable income on your W-2 form, which you receive at the end... Read More »

Can you collect Social Security widow's benefits& Social Security income?

You cannot collect Social Security widow's benefits and Social Security income at the same time, according to the Social Security Administration. If Social Security income benefits are higher than ... Read More »

What happens when I win my law suit against the company were I was hurt and I am on social security diability income Do I loose it or can I combine the two incomes what happens to my ssdi income?

AnswerTry searching the Social Security webiste here would be considered a secondary payer and would have to have an EOB from the primary company before... Read More »

On United States Social Security Disability income how much monthly income can you make before having to report it and possibly lose benefits?

You are legally required to report all earned income on your IRS tax forms, which automatically makes the information available to the Social Security Administration. The SSA asks that you notify ... Read More »