Oct. 30, 2015 (All day) For additional semester dates and deadlines visit, the Registrar's office website. More.
FICA taxes aren't usually deductible on your return. The Federal Insurance Contributions Act imposes both a Social Security tax and a Medicare tax on income you earn from working during the year. When you work as an employee, you split the tax with your employer and your employer simply takes it out of your paycheck.hough self-employment taxes include the same taxes -- Social Security and Medicare -- as FICA taxes, they're treated differently on your income taxes. See, when you're self-employed, you pay the equivalent of both the employer and the employee portion of the FICA taxes.
Common Pre-FICA Deductions. In many cases, employers offer workers some choices in deducting eligible expenses from their gross income, rather than their after-tax income â in other words, they allow employees to make pre-FICA deductions. Employees should know about these choices and understand how pre-FICA deductions can affect them and their eventual income taxes.