Here Are the Workers Who Are Exempt From Paying Social Security Payroll Taxes

Here Are the Workers Who Are Exempt From Paying Social Security Payroll Taxes

You can’t overstate how important Social Security’s financial safety is for millions of American retirees. Having that guaranteed income in retirement brings stability and peace of mind to many, making Social Security one of the country’s more important social programs.

With all the good Social Security does for Americans, this money doesn’t just come out of thin air. It’s a byproduct of millions of people paying Social Security payroll taxes throughout their careers. Not everyone has to pay these taxes, however; some workers are exempt.

Let’s see who fits into that category and what it could mean for their retirement planning. […]

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