700997
You'll need to sign in or create an account to connect with an expert.
No, Social security tax withheld (box 4 of your form W-2) and medicare tax withheld (box 6) are not deductible.
The Federal Insurance Contributions Act finances Social Security and Medicare by requiring payroll withholding for most salaried workers in the United States. By law, both the employer and the employee pay a portion of this tax that goes into the Social Security trust fund to pay current beneficiaries.
No, Social security tax withheld (box 4 of your form W-2) and medicare tax withheld (box 6) are not deductible.
The Federal Insurance Contributions Act finances Social Security and Medicare by requiring payroll withholding for most salaried workers in the United States. By law, both the employer and the employee pay a portion of this tax that goes into the Social Security trust fund to pay current beneficiaries.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
beyondbackpack
New Member
gjhaire
New Member
ribatelfath
New Member
buchanan_brent
New Member
bacaterri245
New Member