Important message for 2011 and 2012 self-employment tax

The U.S. government has passed bills to be effective in 2011 and 2012 to reduce the Self-employment tax by two percentage points .

For staff members, effective from 2011, the rate of social security portion of the self-employment tax will be reduced from 6.2 % to 4.2%. The maximum wages and earnings subjected to social security tax remains at $106,800 for 2011 and increased to $ 110,100 for 2012. The rate of the Medicare portion of the self-employment tax remains at 1.45% and there is no limitation on the wages and earnings subjected to Medicare tax.

Staff members may refer to the “U.N. employee's share of self-employment tax calculation worksheet” available here on this webpage to assist them in calculating their share of the self-employment tax for 2011

Staff members may refer to the “U.N. employee's share of self-employment tax calculation worksheet” available here on this webpage to assist them in calculating their share of the self-employment tax for 2012