In 2009, $106,800 for Social Security. No maximum for Medicare.
There is no age at which you stop paying taxes on Social Security benefits. However, the amount you pay in taxes on your benefits may vary depending on your total income and filing status.
When you have one employer the amount of FICA ((OASDI) Old Age Survivor and Disability Insurance) for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60
For the year 2008 the amount was Social Security Limit $102,000 and the Maximum Social Security Contribution was $6,324.00. The date today is July 27 2010 and the following would apply for the year 2010. When you have one employer the amount of FICA ((OASDI) Old Age Survivor and Disability Insurance) for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60. You do not have any cap on the MEDICARE insurance contribution amount.
It depends on the wording of the alimony decree. Generally, the alimony and the Social Security are independent of one another.
There is no age limit on paying income taxes. It is based on your income. http://taxresolutionaries.blogspot.com
Social security may not stop when you die. It depends on the situation. The social security office will know how to apply your particular situation.
106,800. That amount went up in 2012 to 110,000. According to the Offical Social Security Website.
No. You cannot "opt out" of social security.
In a case such as this, I suggest that the obligee file an estate claim for the unpaid support.
You cannot stop paying into the FICA fund as long as your are a US Citizen or resident alien and have any earned income form providing your services to earn the income.
When you have one employer the amount of FICA for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60 If you have more than one employer and your combined wages reported on your W-2 are more than the 106800 amount and your the withheld social security amount is more than the 6621.60 then you would get a tax credit for the amount that is over the 6621.60 on your federal income tax return.