For example, a portion of your paycheck is withheld under the FICA tax. FICA stands for Federal Insurance Contributions Act, ...

The problem is that depending on your income, you may also be paying taxes on your Social Security benefits as a retiree. And ...

Social Security payroll taxes are collected under the authority of the Federal Insurance Contributions Act (FICA). The payroll taxes are sometimes even called "FICA taxes." In the original 1935 law, ...

Federal Insurance Contribution Act (FICA) Taxes are United States federal payroll taxes levied to fund the Social Security and Medicare system. FICA Taxes burdens are divided between employers and ...

The OASDI tax is one of two FICA payroll taxes that go toward Social Security and Medicare. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

While the portion of our FICA taxes that cover payments into the Social Security system are levied only on the first $118,599 in earnings for 2016, the Medicare tax is levied on every penny you earn.

Keep in mind that "in addition to federal withholding, you likely will need to have taxes withheld for Medicare and Social Security (also called FICA taxes), and your employer may withhold state ...

If you work for an employer, you will see FICA taxes among several types of taxes withheld from you on your pay stub. Here's a look at what the FICA tax is and how it is calculated. FICA stands ...