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Medical Resident FICA Refund Claims: What Are FICA Taxes?

What are FICA taxes?

FICA stands for the Federal Insurance Contributions Act.  FICA taxes are comprised of two separate taxes, social security and Medicare taxes, that are paid on wages earned for services performed.  Employers withhold and pay their employees’ share of the FICA taxes and also pay the employer share.

Page Last Reviewed or Updated: 05-Mar-2014