FICA taxes, which fund Social Security and Medicare, are automatically withheld from employee paychecks. FICA taxes total 15.3%, with employees paying 7.65% of their wages and employers matching ...

On Thursday morning, the U.S. House of Representatives narrowly approved the "big, beautiful bill," the final vote tally came ...

FICA taxes combine 6.2% Social Security and 1.45% Medicare, totaling 7.65% on income up to $168,600. Benefits from FICA tax payments might be reduced due to funding shortfalls projected in 2033 ...

During the marathon Ways and Means Committee meeting scrutinizing the new Republican tax bill, Rep. John Larson (D-Conn.) ...

Barthold answered that FICA is halted once the income cap is reached, meaning high earners contribute only up to the threshold. Larson concluded by asking how much someone like Tesla Inc. CEO Elon ...

Barthold answered that FICA is halted once the income cap is reached, meaning high earners contribute only up to the threshold. Larson concluded by asking how much someone like Tesla Inc. CEO Elon ...