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FICA Savings On Severance Pay


by Angela M. Bohmann View Biography
Leonard, Street and Deinard, Professional Association View Firm Credentials
Minneapolis Office

June 19, 2004

Previously published on October 2002

A recent Federal Claims Court decision may give employers authority to file for refund claims of FICA (Social Security) taxes on severance pay and to avoid FICA taxation on future severance pay.


 

The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.




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