No SS tax withholding in today's paycheck

[sage_joch]

I noticed today's check was a bit higher, and when I looked more closely I saw that SS taxes were not being withheld today. Any ideas why this might be the case?

[stlrick]

FICA is taken out of your paycheck up to the annual maximum income that is subject to the tax. This year, that maximum income is $110,100. If you earned that over the first 11 months, no FICA would be taken out in the 12th month.

[The Wizard]

It could be either the beginning of the Fiscal Cliff or that your reported income for the year finally passed the $110,X00 limit...

[bUU]

So basically you just told us your annual salary.

[englishgirl]

As already noted, there's a maximum income for the year that is taxed for social security purposes.

I suspect your income for the year has just passed that maximum.

Next year as an incentive, you'll have to aim to pass the maximum earlier than the last paycheck.

[sage_joch]

So basically you just told us your annual salary.

Thanks guys.

[livesoft]

So basically you just told us your annual salary.

This caused problems at my spouse's office when one person said, "Oh, I'm not paying SS taxes anymore" because everyone could calculate their salary which turned out to be higher than many others doing the same job. They reacted pretty much like the monkey in the video linked by Kathleen Ryan.

[porcupine]

So basically you just told us your annual salary.

This caused problems at my spouse's office when one person said, "Oh, I'm not paying SS taxes anymore" because everyone could calculate their salary which turned out to be higher than many others doing the same job. They reacted pretty much like the monkey in the video linked by Kathleen Ryan.

I thought you had already posted this recently!

- Porcupine

[Calm Man]

So basically you just told us your annual salary.

My thought exactly.

[The Wizard]

So basically you just told us your annual salary.

My thought exactly.

What if he's a new grad and only worked 7 months this year?

[bUU]

Good point!

[fareastwarriors]

I'm not even close to hitting the cap.

[Atilla]

Financial earning success is gauged by how early in the year you stop paying stinking SS taxes.

And every new year is a total drag with an expected and significant pay cut...