One of the most important types of taxes to understand are FICA taxes (also called payroll taxes). This is different than income tax, which you also pay, but this also comes out of your paycheck.

Instead of being fiscal scolds by not renewing Trump’s 2017 tax cuts, Democrats ought to limit them to ...

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, ...

Social Security Tax (FICA) Definition: A tax paid by workers and employers on wages earned that supports the benefit programs under the Social Security System The Federal Insurance Contributions ...

While our FICA taxes to cover payments into the Social Security system are levied only on the first $106,800 in earnings for 2010, the Medicare tax is levied on every penny you earn. You will also ...

Employees may be exempt from the withholding of Social Security and Medicare payroll (FICA) taxes if they have an F-1 or J-1 visa. Purdue University uses a web-based tax compliance system, called ...

UTSA students who work on campus may be eligible for an exemption from Federal Insurance Contribution Act (FICA) taxes on wages earned after June 30, 2000. Those modifications now allow Texas to ...

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 ...