Do Social Security And Medicare Tax Count As Federal Withholding?
Автор: County Portal
Загружено: 2026-01-16
Просмотров: 0
Описание:
Do Social Security And Medicare Tax Count As Federal Withholding?
Yes, Social Security and Medicare taxes, commonly known as FICA taxes, are indeed federal taxes that are withheld from your paycheck. In this sense, they absolutely count as a form of federal withholding. However, it's important to distinguish them from federal income tax withholding. While both are mandatory deductions by the federal government, they serve different purposes and are reported separately on your W-2 form. Federal income tax withholding funds general government operations, while Social Security tax funds retirement, disability, and survivor benefits, and Medicare tax funds health insurance for the elderly and disabled. So, while federal and withheld, they are distinct categories from federal income tax when discussing your overall tax liability or refund.
🔎 Helpful Links & Resources
• Video Link: • Do Social Security And Medicare Tax Count ...
• Channel Link: / @countyportal
⚠️ Disclaimer: County Portal provides information for educational purposes only. We do not guarantee accuracy or timeliness. This is not legal, financial, or medical advice. Use at your own risk.
Повторяем попытку...
Доступные форматы для скачивания:
Скачать видео
-
Информация по загрузке:
