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cyelsm717
New Member

Why do i have both FICA and medicare deductions on my paycheck? I thought FICA included medicare?

 
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4 Replies

Why do i have both FICA and medicare deductions on my paycheck? I thought FICA included medicare?

Ask your employer.  FICA is SS and Medicare but maybe your employer is calling just the SS part FICA.  SS is 6.2% and Medicare is 1.45%

Why do i have both FICA and medicare deductions on my paycheck? I thought FICA included medicare?

In the event your pay is over $200,000, there is an "Additional Medicare Tax" besides FICA.

Why do i have both FICA and medicare deductions on my paycheck? I thought FICA included medicare?

@TaxGuyBill see comment in lounge
If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67


NOT INTUIT EMPLOYEE
USAR 64-67 AIS/ASA MOS 9301 - O3

- Just donating my time
**Say Thanks by clicking the thumb icon in the lower left corner -it means nothing but makes those than answer feel wanted.

Why do i have both FICA and medicare deductions on my paycheck? I thought FICA included medicare?

The Form W-2 separates these two taxes, as you may see in the W-2 template shown in the image. They are reported as two separate amounts withheld.


Se Boxes 5&6 for Medicare and Boxes 7&8 for Social Security

If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67


NOT INTUIT EMPLOYEE
USAR 64-67 AIS/ASA MOS 9301 - O3

- Just donating my time
**Say Thanks by clicking the thumb icon in the lower left corner -it means nothing but makes those than answer feel wanted.

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