Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: sudhi Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122524  
Subject: FICA taxes w/ new employer Date: 11/3/2000 2:54 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0


I have changed jobs recently. In my previous job, I had already hit the limit of FICA taxes for this year. However, my current employer says that they will deduct the FICA taxes for this year as if I just started earning this year! They say that I can get my excess FICA taxes back when I file my income taxes for this year.

I see some problems with this. First, I don't remember any place in the 1040 where I indicate what my FICA taxes were. Secondly, why would the IRS be refunding my excess FICA taxes? Is it not the SSA that gets the FICA money?

I am completely lost on this one. If any of you have any suggestions/experiences regarding this, please post a reply.


Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Kiddie Card Board
Should kids have their own credit card?
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

The Wealth of Power
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.