In 2026, Social Security payroll taxes will rise for high earners. The wage base limit increases from $176,100 to $184,500.

A civil engineer earning $176,100 in 2025 per year looks the same as Elon Musk in the eyes of the Social Security system.

Payroll taxes are deducted from an employee’s paycheck specifically for Social Security, Medicare, and unemployment. Confusion about FICA vs FUTA arises because both are similarly named types of ...

When employers pay their employees, they must remit payment for federal, state and, in some cases, local programs. Employees also pay a portion of the tax bill, but self-employed individuals must ...

When your company owes delinquent payroll taxes, the Internal Revenue Service only has a certain amount of time to collect. If the IRS doesn't collect the balance within the statute, the rest is ...

The accrual method of accounting is accepted by the generally accepted accounting principles, also known as GAAP. Under this methodology, revenue and expenses are recognized in the accounting books as ...

Anyone who makes more than $176,100 didn't pay Social Security tax on income above that amount in 2025. In 2026, they'll pay ...