Do you pay income tax on FiCA?

Answer:
Federal Insurance Contribution Act (FICA)
Yes it is possible when you start receiving your social security benefits that you qualify for. From 50% to 85% of the amount that you receive COULD become taxable income on your 1040 federal income tax return WHEN you are receiving any other sources of worldwide income during the tax year.
The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax.
First answer by Mebrg. Last edit by Mebrg. Contributor trust: 32 Question popularity: 1 [recommend question].

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