Search results
1 lut 2022 · Box 4: Social Security Tax Withheld This is the total amount you paid to the FEDERAL government for social security tax (your employer matches this amount). The 2021 tax rate is 6.2% and only applies to the first $142,800.
Box 4 — Shows the amount of Social Security tax withheld from your pay. Box 5 — Shows your wages subject to Medicare tax. The amount, which also may not be the same as the amount reported in W-2 Box 1, might be required on Form 8959, Additional Medicare Tax, if your income is high enough.
8 maj 2024 · W-2 Box 4: Social Security tax withheld Box 4 reports how much you withheld from an employee’s Social Security wages and tips. The employee portion of Social Security tax is 6.2% of their wages, up to the SS wage base.
26 paź 2023 · Box 4: Social security tax withheld. This box should show the total amount of Social Security tax that your employer withheld from your compensation, including tip income, during the calendar year. For 2023, this amount should not exceed $9,932.40. This represents the Social Security wage base limit ($160,200) multiplied by the Social Security tax.
10 paź 2024 · Box 2: Reports the total federal income tax withheld from your pay during the year. This amount is based on the information you included on your Form W-4 with your employer. If you’d rather keep more money in your paycheck each week, you’ll want to adjust your Form W-4 for the next year.
4 lis 2024 · Box 4 — Social Security Tax Withheld; The same concept applies here as box 2. Be sure to only include the amount paid by your employee, not your share. Generally, employers split Social Security and Medicare taxes owed (box 6) 50/50 with the employee. Box 5 — Medicare Wages and Tips
31 sty 2020 · Every employer who pays at least $600 in cash or cash equivalent, including taxable benefits to an employee, must issue a form W-2. If any taxes are withheld, including those for Social Security...
