The maximum amount of earned income on which you pay Social Security tax is now $127,200. When you reach that amount with one employer, they should stop withholding Social Security tax from your pay until the following year. If you work for more than one employer, and your total earnings are more than $127,200, you will receive a credit on your tax return for any over payment of Social Security taxes.
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"An Enrolled Agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by passing a three-part comprehensive IRS exam covering individual and business tax returns. Enrolled Agent status is the highest credential the IRS awards. Individuals who obtain this elite status must adhere to strict ethical standards and complete a minimum of 72 hours of continuing education courses every three years."
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