The HomePay Blog

When things change, we're on it. If it concerns household employment,
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Social Security Tax Reduction

by Breedlove December 21, 2010

A special holiday gift from the IRS!

The 2011 Social Security tax for employees will drop from 6.2% to 4.2%, allowing employees to keep more of their earnings.  Please note that this change is only for employees -- the employer's tax rate has not changed.  Also, it will only last until the end of 2011, so enjoy it while it lasts!

To calculate your new "take-home" pay, visit our Employee Paycheck Calculator.

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