General Tax Information

When married couples file taxes, they gain extra benefits if they file jointly. Not only do they have more potential deductibles, but they can earn more money before they are placed in a higher...

A Social Security card has a nine-digit number that the federal government issues to U.S. citizens, and temporary and permanent residents, to identify them for tax records, financial records,...

Paystubs can be difficult to understand. Between the Federal and State income taxes, the Medicare tax and the FICA tax (or Social Security tax), you wonder where all your hard-earned money is...

When a woman gets married or divorced or when you change your legal name, you must change your name with the Social Security Administration for tax purposes. Failure to do this can cause confusion...

Your Social Security number is important because the government and employers use it to identify you for tax purposes and to receive government funded benefits. Other organizations such as health...

With all of the excitement surrounding a marriage, the required steps for changing your name are probably the last thing on your mind. To change your legal name, you will have to notify the IRS of...

According to the Social Security Administration, people with limited income that are disabled, blind or over the age of 65 may qualify for Supplemental Security Income (SSI). SSI is similar to...

The Self Employment Contributions Act is a provision of the Social Security Act, enacted in 1954 by the Internal Revenue Service. As the name implies, this provision authorizes the Social...

For 2009, the Social Security tax rate is 14.4 percent. If you are an employee, you pay half of the Social Security tax and your employer pays half. If you are self-employed or an independent...

Benefits from such things as health insurance and Social Security are taxable and need to be reported on annual tax returns. To pay the correct amount, you must know which tax benefits are taxable...

Identity theft is one of the most prevalent crimes in modern times. One of the most valuable pieces of information a thief can have is your social security number. Criminals use numerous methods...

Several categories of taxes are deducted from your paycheck. According to the Tax Policy Center, the payroll tax share of federal revenues has doubled during the nearly 50 years since 1960.

I work advising and assisting foreigners resident in Spain deal with everyday life and the system here. One of the big things that comes up is Social Security - should you join the system and how...

Those who have recently qualified to begin receiving Social Security benefits may not be aware that the payments may be taxed. Learning the rules is necessary in order to prepare for a possible...

A Social Security number is a necessity if you are looking for work, dealing with the government or doing your taxes. Having the card itself is important as well. If you need a new card, don't...

Employers deduct federal, state, Social Security and Medicare taxes from your gross income before issuing you a check for the net amount. The employer sends the money subtracted from your gross...

The U.S. Social Security Administration (SSA) collects Social Security taxes under authority granted by law of the U.S. Congress. The purpose of the Social Security tax is to provide a retirement...

The most common taxpayer ID number for individuals is the Social Security number. For businesses, the standard taxpayer ID number is the Employer Identification Number (EIN). There are benefits to...

A social security number is required when applying for a job or collecting social security benefits. Because it is closely tied to personal information, each person's social security number has...

The Social Security system was created by Social Security Act that was passed on August 14, 1935. In 1940, the first benefits were paid out and a special tax was created to pay the benefits. The...

Many Americans are struck with a disability ever year, leaving them unable to work a normal job. The federal government provides those people with benefits in order to survive financially through...

The taxable part of your Social Security disability or retirement income is dependent on three main factors: your total income, your filing status and your tax bracket. It's likely that if Social...

Every United States citizen, naturalized foreigner or non-citizen employee gets a Social Security card with their own unique number. If that card or number goes missing, it's simple to obtain the...

FICA, as stated on your pay stub, is really just another term for Social Security payments. The initials stand for Federal Insurance Contribution Act. What your employer is taking out of your...

If you complete your W-9 and mail it in only to realize that you've entered the wrong number, you don't need to panic. You can quickly correct your W-9 with no repercussions as long as you follow...

Social Security benefits are not taxable if your income is below a certain level.

Employees who hold more than one job in a year sometimes overpay on Social Security tax. Any Social Security tax paid on more than $76,200 in 2000 is refundable.