# @turbotax on YouTube - **Type:** Video - **Original URL:** https://youtube.com/watch?v=c6pZD7vBdgQ - **Gondola URL:** https://gondola.cc/posts/66830355-turbotax-youtube - **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/aa9e86d8de.jpg - **Posted:** 2026-06-09T18:15:57.000+00:00 - **Account Owner:** Intuit TurboTax (@turbotax) — https://gondola.cc/turbotax ## Caption Social security tax is collected by the government to fund the benefits of retirees and those unable to work. Both employers and employees contribute to this tax. If you’re self-employed, you pay both the employer and employee portions of the Social Security tax. Discover how much you owe in Social Security taxes with help from TurboTax in this video. 00:00 Intro 00:09 Social Security Tax Explained 00:29 How Much Social Security Tax Do You Need To Pay? Subscribe to TurboTax for more tax tips: https://youtube.com/@turbotax?sub_confirmation=1 FAQ What is the Social Security tax, and what is its purpose? The Social Security tax is a tax collected by the government that is entirely separate from your federal income tax. On a typical pay stub, it might appear under labels such as "Social Security," "FICA," or "OASDI". The government collects these funds to help pay for the benefits you will eventually receive upon retirement, as well as to provide financial assistance to individuals who are unable to work. https://turbotax.intuit.com/tax-tips/general/fica-and-withholding-everything-you-need-to-know/L8Vjhsiel What is the Social Security tax rate and income limit for 2025? For the 2025 tax year, the total Social Security tax rate is 12.4%. This percentage applies only to the first $176,100 of your 2025 income. How much of the Social Security tax do I pay if I am an employee versus self-employed? How the 12.4% tax is split depends on your employment status: Employees: If you are an employee, you only pay 6.2% directly out of your paycheck. Your employer is responsible for covering the remaining 6.2%. Self-Employed Individuals: If you are self-employed, you generally must pay the entire 12.4% tax yourself. Is there any tax relief available for self-employed individuals paying the full Social Security tax? Yes. If you are self-employed, you are allowed to deduct half of your Social Security tax amount on your federal income tax return. For example, if you have $100,000 in self-employment earnings, you will owe 12.4% ($12,400) in Social Security taxes. However, you can subtract half of that amount ($6,200) from the taxable income reported on your Form 1040, which lowers your overall federal income tax bill. https://turbotax.intuit.com/tax-tips/self-employment-taxes/the-self-employment-tax/L8xXjolB4 File Taxes Confidently: https://turbotax.intuit.com Watch More! Newest Videos: https://www.youtube.com/playlist?list=PLFp3vOMRjJ0UDjdDOm_xf34wM8M02QdyX Taxes FAQ's & How-Tos: https://www.youtube.com/playlist?list=PLFp3vOMRjJ0XeTa2-hDiZbn9hQHrhogy_ How to File Your Taxes: https://www.youtube.com/playlist?list=PLFp3vOMRjJ0UjyRJBSn7-5WDGYA64o3iQ Follow TurboTax: Instagram: https://instagram.com/turbotax Facebook: https://facebook.com/turbotax TikTok: https://tiktok.com/@turbotax Pinterest: https://pinterest.com/turbotax TurboTax offers a variety of services, from filing your own taxes to getting expert advice, and even having someone file on your behalf. Our channel is here to answer your biggest tax questions and help you navigate the filing process with confidence. #TurboTax #Taxes #Finance ## Stats - **Views:** 2,141,624 - **Likes:** 59 - **Shares:** 0 - **Comments:** 2 ## Tags finance, turbotax, taxes --- Copyright (c) Gondola