Social Security Tax
/ˈsoʊʃəl səˈkjʊərɪti tæks/
Definitions
- (n.) A federal payroll tax imposed on wages and self-employment income to fund Social Security programs, including retirement, disability, and survivors' benefits.
Employers are required to withhold Social Security tax from employees' paychecks.
Forms
- social security tax
- social security taxes
Related terms
See also
Commentary
Social Security Tax is specifically levied under federal statute as part of payroll taxation and distinct from general income tax; careful drafting should distinguish its statutory basis and scope from other employment taxes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.