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Started By
Message
Do they stop deducting social security at a certain income level?
Posted on 12/18/14 at 11:08 am
Posted on 12/18/14 at 11:08 am
Just curious... 
8
Posted on 12/18/14 at 11:10 am to TheWiz
yes, $0.00
anything above that is taxed.
anything above that is taxed.
Posted on 12/18/14 at 11:13 am to TheWiz
I dont think SSI comes out of anything over $117k
Posted on 12/18/14 at 11:13 am to TheWiz
$117k
Posted on 12/18/14 at 11:14 am to TheWiz
2014 - 117,000
2015 - 118,500
I'm assuming that's what your looking for.
2015 - 118,500
I'm assuming that's what your looking for.
Posted on 12/18/14 at 11:16 am to SippyCup
quote:
2014 - 117,000 2015 - 118,500 I'm assuming that's what your looking for.
Yes. Thank you.
Posted on 12/18/14 at 11:19 am to TheWiz
Yes
And every year the cut off amount goes up
And every year the cut off amount goes up
Posted on 12/18/14 at 2:38 pm to TheWiz
quote:
2014 - 117,000
2015 - 118,500
Posted on 12/18/14 at 8:18 pm to WPBTiger
Always like getting that extra money the last few checks of the year 
Posted on 12/18/14 at 8:49 pm to Bow08tie
quote:
Yes And every year the cut off amount goes up
Yeah. I was actually looking into this the other day and there is a formula used to calculate the new limits.
Posted on 12/19/14 at 6:28 am to Powerman
(no message)
This post was edited on 12/19/14 at 6:29 am
Posted on 12/19/14 at 6:29 am to TheWiz
Subtle brag?
Posted on 12/19/14 at 6:54 am to lnomm34
quote:
Subtle brag?
Not really.
Posted on 12/19/14 at 3:14 pm to VABuckeye
quote:
Subtle brag?
quote:
Not really.
I was just curious... I guess it would be bragging if someone asked this question 1/2 way through the year.
Posted on 12/19/14 at 8:50 pm to TheWiz
2014 limit is $117,000 as mentioned above and max SS Tax is $7,254 for 2014
Posted on 12/19/14 at 10:27 pm to TheWiz
The not so subtle brag would be "why are they taking it out again these last few months after they stopped taking it out earlier this year".
Posted on 12/19/14 at 11:56 pm to Ric Flair
Cap on the SSI portion - 6.2% - does not apply to the 1.45% medicare.
Amirite?
Amirite?
Posted on 12/20/14 at 6:28 am to matthew25
That's right. The medicare portion is still taken out
And above a certain income the 1.45 goes up
And above a certain income the 1.45 goes up
Posted on 12/20/14 at 8:41 am to TheWiz
Yes, these last 2 months have been nice. It will suck after the first when the SS deduction kick back in.
Posted on 12/20/14 at 11:27 am to matthew25
There is no such thing as a SSI tax.
There is no limit on the Medicare contribution.
There is no limit on the Medicare contribution.
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