FICA

Posted By: Patti on 2006-01-28
In Reply to: Tax Question for ICs- sm - MTME

FICA is figured into your federal taxes --look on your past taxes you will see where your social security is figured. It all goes to the Federal government.

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Tax Question for ICs- sm - MTME
- Yes, you can do via mail or electronically - sm - Laura E.
  - How do you handle - First Timer
    - Your first year you don't have to pay quarterly...sm - Old MT
      - Thanks so much - First timer
    - Yes, you need to plan for it - sm - Laure E.
      - Isn't the standard deduction much more than $2K? nm - MT
        Yes it is, and we do file a joint return BUT you can offset your income - sm - Laura E.
      - Thanks - First Timer
  - Federal Govt program (sm) - MTME
- FICA - Patti

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re: paying your FICA,SS etc as SE
I beg to differ with you! Been with MQ for 17 years, they have always paid my federal & SS...they do not deduct any state taxes for SE's, and this is the only one I've ever had to pay.......never been audited about having to pay part of the above and have professional tax folks do mine, again, think you need to check your facts on this one.

No, SE means you pay part of your FICA and SS and state tax. They do not deduct it all.
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