FICA Tax

The Truth About FICA Tax

The Truth About FICA Tax: What It Is, How It Works, and Why It Affects Your Paycheck!

Anjali Tamta

FICA tax is a mandatory deduction from your paycheck that helps fund Social Security and Medicare. This article explains what FICA tax is, how it works, and why it affects your paycheck. It also offers a simple guide to understanding your tax responsibilities and future benefits.