Figuring out taxes on your own for the first time? One of the most important types of taxes to understand are FICA taxes (also called payroll taxes). This is different than income tax, which you also ...

This does not mean you'll pay an additional $7,500 in taxes. It means the 6.2% or 12.4% tax rate would apply to the additional $7,500 of earnings, which equates to $465 in Social Security taxes ...

The wage base limit will increase from $168,600 in 2024 to $176,100 in 2025. Not all workers must pay Social Security payroll taxes. Investor Alert: Our 10 best stocks to buy right now › ...