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.
Your 401(k) deductions do not reduce FICA wages. Your 401(k) contributions are subject to FICA tax and as such, your employer must apply the FICA tax rate to your gross earnings. Many 401(k) deductions are said to be taken out of your pay on a pre-tax basis, but this refers only to income taxes.