Social Security Report

Q & A

When Do I Stop Paying Social Security Tax?

Answer: “In this world, nothing can be said to be certain, except death and taxes,” as Ben Franklin wrote – and among the taxes imposed on your paycheck, nothing is as inflexible as those that go towards the Federal Insurance Contributions Act (FICA), colloquially known as Social Security. Whether salaried or self-employed, paid hourly wage or annualized sum, you must contribute, throughout your working life. No exceptions exist. Or do they? Read more…

Source: Heather F. Larson, Investopedia

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