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  :Thu Sep 21 14:37:38 GMT 2017
Last Published  :Thu Sep 21 14:37:38 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- MUST be enrolled in classes at least half time as defined by SIS
    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