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Why is my social security taxable income so high?
Your Social Security Wages can be higher than your wages if you have any pre-tax deductions taken out of your pay. Pre-tax deductions can include 401K contributions, health insurance premiums, FSA contributions, etc.
You do not pay income tax on pre-tax deductions, but you are still required to pay social security on these items.
You do not pay income tax on pre-tax deductions, but you are still required to pay social security on these items.
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Why is my social security taxable income so high?
Your Social Security Wages can be higher than your wages if you have any pre-tax deductions taken out of your pay. Pre-tax deductions can include 401K contributions, health insurance premiums, FSA contributions, etc.
You do not pay income tax on pre-tax deductions, but you are still required to pay social security on these items.
You do not pay income tax on pre-tax deductions, but you are still required to pay social security on these items.
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Why is my social security taxable income so high?
Why are my 17yo sons social security wages so high when he does not contribute to 401 or anything at all?
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Why is my social security taxable income so high?
Is box 3 more than box 1? Ask the employer why. There can be many reasons. Maybe they take out health insurance? I never can match my husbands W2 to his paychecks. There are many deductions that can affect it.
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