FICA
Expand Your Social Security Knowledge With These Four Terms
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We strive to explain your benefits using easy-to-understand, plain language. The Plain Writing Act of 2010 requires federal agencies to communicate information clearly in a way “the public can understand and use.” This can be particularly challenging when talking about complicated programs like Social Security, Supplemental Security Income, and Medicare. Take a moment to learn […]
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Now That You Have Your First Job, Labor Day Has a Deeper Meaning
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Labor Day is usually associated with cookouts, the end of summer, and going back to school. Now that you have your first job, you’re learning the true meaning behind this holiday. From today on, when Labor Day rolls around, you’ll think of the hard work you put in during the year. What you should also […]
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Rosie The Riveter: Working Women’s Icon
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“Rosie the Riveter” is an American icon representing women working in factories during World War II. These women learned new jobs and filled in for the men who were away at war. They produced much of the armaments and ammunition to supply the war effort. They also paid FICA on their wages, contributing to the […]
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5 Ways Social Security Protects You and Your Family
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Next payday, when you see a portion of your wages go toward FICA taxes, rest easier knowing that your investment in Social Security brings a lifetime of protections for you and your family. From your first job and throughout your career, we track your earnings and give you credits for the contributions you’ve made through […]
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Celebrating Those Who Invest in Our Success
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Education is the way to forge a better future. The things we learn today can mold the way we’ll live tomorrow. This is something Social Security takes seriously. We know the work you do today will shape the benefits you’ll receive later on. During May 1-5, we celebrate National Teacher Appreciation Week, a time to […]
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Your Contributions Make Our Nation Stronger
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At first, seeing taxes taken out of your paycheck can be a little disappointing. However, you can take pride in knowing you’re making an important impact each week when you contribute to Social Security. Understanding how important your contribution is takes some of the sting away because your taxes are helping millions of Americans — […]
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What is FICA
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FICA taxes help provide benefits for retirees, disabled people and children. This contribution helps your parents and grandparents have a secure retirement while securing today and tomorrow for you and your future family. Learn more about FICA. Did you find this Information helpful? Yes No Thanks for your feedback!
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We’re Working Together to Secure Today and Tomorrow
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Your first job is a landmark occasion. You’re meeting new people, making professional connections, and probably cashing that first paycheck. You might be a little surprised when you see a portion of your earnings go to a tax called “FICA” for the Federal Insurance Contributions Act. This deduction goes to Social Security and is your […]
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Finding Value—and my Social Security—in light of Budget Cuts
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Every payday, you have Federal Insurance Contributions Act (FICA) and Self-Employed Contributions Act (SECA) taxes deducted from your paycheck. Nearly all of these contributions are used to pay Social Security benefits to more than 60 million retired, disabled, and widowed workers and their children, as well as to Medicare beneficiaries. A very small amount also […]
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Is Someone You Know Wondering “Who” FICA Is?
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Social Security’s Acting Commissioner, Carolyn W. Colvin, likes to tell this amusing story. A colleague’s teenage daughter came home bursting with excitement after receiving her first paycheck. But she had one question about her earnings statement. “Well, Dad” — she asked him earnestly — “who is this FICA?” Did you find this Information helpful? Yes […]
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