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The Social Security FICA payroll tax on your earnings caps out at $184,500 and 2026
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That sounds like an employer problem, not a Hailey problem. Hailey got her FIRST real check at 16 and was feeling real RICH… until she found out Uncle Sam might want his cut. 😭😂 Her job didn’t take taxes out, so now it’s me, Hailey & Alexa at the kitchen table trying to explain why she may owe $107. Hailey: “But I don’t even work there anymore.” Me: “That’s… not how taxes work.” Hailey: “Well THEY were supposed to take it out.” Alexa: 🗣️ explaining the tax code Hailey: “They might just have t
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Social Security retirement is based on how much payroll FICA taxes you paid in. If you dont pay in, you wont get Social Security (unless you draw off a spouse or former spouse). Self employed must also pay social security taxes. #socialsecuritybenefits #turning62 #socialsecurity
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