Tax

Is Social Security Voluntary or Mandatory?

Social Security participation is mandatory, not voluntary. Just about everyone who earns wages or net income from self-employment must pay Social Security tax on their income. Members of certain religious groups may qualify for exemption from the Social Security tax and benefits. The Social Security tax, also known as the Federal Insurance Contribution Act (FICA) tax, is collected by the Internal Revenue Service along with federal income taxes.
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Tax

Is Social Security Voluntary or Mandatory?

Social Security participation is mandatory, not voluntary. Just about ...more
Tax

What Percent of Taxes Is Deducted From My Paycheck?

With each paycheck, you'll see money taken out for taxes. The ...more
Tax

How to Avoid Owing on a Tax Return

To avoid owing taxes when you file your return, you need to know what ...more
Tax

What Happens If My Tax Return Is Late?

Filing a Federal Tax Return is often a time-consuming process ...more
Tax

How to Calculate Tax on Social Security Benefits

Social Security retirement benefits provide an annuity income for ...more
Tax

How to Get W2 Forms from a Former Employer

Tax

Co-signer Tax Deductions

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Do Banks Have to Pay Taxes on Foreclosed Homes?

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How to Change Direct Deposit Information for a Social Security Benefit Check

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