Confused about how Social Security taxes are calculated and where the money goes? Here are seven key facts about the payroll tax every worker should understand.

IRVINE, CALIFORNIA / ACCESS Newswire / October 1, 2025 / The IRS has announced tougher penalties for late payroll tax deposits in 2025, signaling a renewed focus on employer compliance. Payroll taxes ...

For most people, the Social Security payroll tax is just a 6.2% deduction on their paycheck. Few know where the money goes, how it's calculated, or why rules differ based on income, job type, or ...

“Payroll taxes are considered trust fund taxes, which means the IRS treats late or missing payments extremely seriously,” said a spokesperson for Clear Start Tax. “Employers who fall behind can face ...