That's why I don't like Jan - March. I'm happy when DH has hit the cap. It's a $2000 hit per month for us for those three months.
Announcement
Collapse
Facebook Forum Migration
Our forums have migrated to Facebook. If you are already an iMSN forum member you will be grandfathered in.
To access the Call Room and Marriage Matters, head to: https://m.facebook.com/groups/400932...eferrer=search
You can find the health and fitness forums here: https://m.facebook.com/groups/133538...eferrer=search
Private parenting discussions are here: https://m.facebook.com/groups/382903...eferrer=search
We look forward to seeing you on Facebook!
To access the Call Room and Marriage Matters, head to: https://m.facebook.com/groups/400932...eferrer=search
You can find the health and fitness forums here: https://m.facebook.com/groups/133538...eferrer=search
Private parenting discussions are here: https://m.facebook.com/groups/382903...eferrer=search
We look forward to seeing you on Facebook!
See more
See less
Help! I fell off the fiscal cliff
Collapse
X
-
Originally posted by ladymoreta View PostAh, maybe that's what happened with us. I also wonder if we have some health insurance changes? I don't have DH's pay stub; I was just looking at the deposit amounts. We definitely don't make anywhere near *that* much!Alison
Comment
-
I had to look at DH's paystub after the first check, I was so confused. Ours ended up being the FICA, an increase in health insurance and change in the two state taxes which totally confused me. You really have to look at the stubs with all of the changes to figure out where its really coming from.
What is the additional medicare tax after $200K?Wife to NSG out of training, mom to 2, 10 & 8, and a beagle with wings.
Comment
-
Originally posted by SuzySunshine View PostWhat is the additional medicare tax after $200K?Alison
Comment
-
Originally posted by spotty_dog View PostFICA was 2%. Additional Medicare tax only kicks in after $200K of income, and only in the pay period where your employer has paid you at least $200K YTD. If you're there after just 7 weeks, I'm hard-pressed to pity you. (The other additional Medicare tax is only on investment income and wouldn't have hit your payroll.)
However, like Kris alluded to, there's a cap on Social Security tax. Once you've hit $113K of gross payroll, you don't have to pay that one any more. So if you were paying 0% SS in December and that jumped to 6.2% in January, that would definitely sting. Silver lining is it goes away again at some point.- Eric: Husband to PGY3 Neuro
Comment
Comment