Things You Should Know About Your Social Security Statement

6. Your Statement Also Contains Your Medicare Contributions

When you make Social Security contributions, you also make contributions to your Medicare account. As of 2018, both you and your employer contribute 1.45 percent to Medicare (self-employed people contribute 2.9 percent). If you earn more than $200,000, or $250,000 for a couple, you pay 0.9 percent more in Medicare taxes. Check your Social Security statement to make sure you're getting credited properly for everything you've paid.

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