California, Social Security and limits, Oh My!

Q. I am employed in the State of California and am curious to know what the tax limits and cutoffs are for Social Security and California SDI Payroll Taxes.

A.  This question is a little more technical than I usually like to go.  But there is common value and in this question and a possible tax planning opportunity available so here we go!

Social Security and Medicare are two taxes that should be withheld from every employee’s paycheck no matter who you work for.  Many employees are incorrectly Read more »