Might payees/employees pay too much FICA?

Potentially.  Similar to other situations where employees have more than one employer during a tax year, an employee may have FICA withheld in excess of the annual cap, which is about $7,350 in 2015.  If this happens, employees have several options. Click here for more information on recovering excess FICA payments.

For more information about Acquiom Compensation Payments, please contact us at sales@srsacquiom.com.

 

Posted in: Services: Compensation Payments