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Business & farm
on the S-corp you only get a deduction for the employer's share of fica and medicare taxes along with any Unemployment Compensation taxes paid. you did file form 970 and if needed UC and withholding tax returns returns with the state? employer's fica, medicare, UC taxes go on line 12 - taxes and licenses. you can not deduct your portion of the Fica and Medicare taxes or income tax withholding.
‎February 19, 2023
9:59 AM