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Tag Archives: FICA Taxes

FICA Taxes on Certain Severance Pay May Be Refundable

Posted in Human Resources/ Employer Matters; Uncategorized; Wage and Hour

The IRS may owe FICA tax refunds on severance payments made by employers to laid-off or terminated employees as part of reductions in workforce. Every employer that paid severance to laid-off employees as part of a reduction in workforce in 2009 or later years needs to consider filing FICA tax refund claims.Continue reading this entry