Skip to content Social Security Online |
Social Security Handbook |
|
www.socialsecurity.gov |
For Social Security tax reporting purposes only, your cash wages paid for domestic service in the private home of your employer may be rounded to the nearest dollar. This simplifies computation of the Social Security tax. For example, you are paid daily and your cash pay is $22.50, your payment is considered $23 for reporting purposes. Similarly, a payment amounting to $22.49 is reduced to $22. Also rounding to the nearest dollar is permitted if you are paid on a weekly, semimonthly, or monthly basis.
Yes. If you use the rounding method of reporting for any pay period in a calendar quarter, you must use it consistently throughout the calendar quarter.
Last Revised: Jul. 7, 2004
Privacy Policy |
Website Policies & Other Important
Information |
Site Map
Last reviewed or modified Monday Jan 14, 2008 |