TSS - General Tax Questions – FICA (Social Security and Medicare) Taxes

General Tax Questions – FICA (Social Security and Medicare) Taxes

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First Published  :Mon Dec 01 18:18:58 GMT 2014
Last Modified  :Tue Apr 18 04:00:51 GMT 2017
Last Published  :Tue Apr 18 04:00:51 GMT 2017
Summary :  Reference for all employees who have general questions about payroll taxes for employees of the University. Audience: Employees

Response

Primary Information

    Tufts Support Services (TSS), located on the Medford campus, maintains the systems, processes, and information used to pay Tufts employees, including personal information, job-related data, tax information, and employee benefits deductions.
     
    Please contact TSS with all general tax-related questions.
     
    All employees working in the US are subject to FICA (Social Security-OASDI & Medicare) taxes except:
    1. Students working on campus during the school year
    2. Foreign nationals who qualify for FICA exemption (must have completed the foreign national form)
    Social Security  (OASDI) tax rate is 6.2% up to earnings of $$118,500 for 2015 and 2016  and $127,200 in 2017. Once these caps are met, earnings over the amount are not taxed for Social Security. Medicare tax rate is 1.45% with no limits.  Earnings over $200,000 are subjected to an additional .09% Medicare tax.
      
    Please note that Tufts cannot provide advice or assistance in completing tax forms.  All inquiries should be addressed to a professional tax service such as HR Block.
     
    Tufts Support Services Contact Information:
     
    Medford/Somerville
    62R Talbot Ave
    Medford, MA 02155

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    Email: tss@tufts.edu
    Phone: 617.627.7000
    Fax: 617.627.7001
    Web: tss.tufts.edu

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Keywords

    tax, tax statement, tax deduction, W-2, W-4, tax collection, tax return, FICA, Social Security, Medicare