I tried to search the forum to see if this had already been addressed but wasn’t able to find it. I have a W-2 job with income above the Social Security cut off of ~$137,000 this year but was considering moonlighting at a 1099 position. Would that additional 1099 income be subject to employER social security payroll tax or since my W-2 employer had already hit the maximum, would that not be subject to such tax? I know that the employEE element would not be subject to social security tax as I have already contributed the maximum at my W-2 position. Thanks!
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It has been addressed, but would be very difficult to find. No, you would not be subject to additional SS tax, only Medicare.Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087
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