The Federal Insurance Contributions Act (FICA) is a federal law requiring employers to withhold three separate taxes from your wages: a 6.2% Social Security tax, a 1.45% Medicare tax, and (as of 2013) a 0.9% Medicare surtax when your Adjusted Gross Income (AGI) is over $200,000. Because of the Medicare surtax, you may see FICA amounts even after you are no longer employed.
FICA Taxes Print
Modified on: Tue, 29 Mar, 2022 at 8:16 AM
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