Medical Resident FICA Refund Claims: Taxability of Refund to Individual Recipient
Is my refund taxable?
Your refund will include your share of the FICA taxes plus interest. The refunded FICA taxes are not taxable; however, the interest portion of the refund is taxable to you. The interest is taxable whether or not you receive a Form 1099-INT, Interest Income, and must be reported on your individual income tax return.
Instructions for Forms 1099-INT and 1099-OID