Retirement tax questions


@gfunk1086 wrote:

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For our paychecks we elect, "married but withhold at single rate"?


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.......that particular paycheck setting on your W-4 forms has no effect on your Social  Security taxes withheld and shown in box 4 of your W-2.   The Social Security tax is a flat 6.2% of box 3  (until it reaches the max $$ amount for the particular tax year involved).

 

That setting (married but withhold at single rate)  only affects W-2, box 2 federal  tax withholding for "income" taxes.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*