Quote:
Originally Posted by Rayandnay
Due to taxable insurance annuity from my former employer, I pay social security taxes every year until age 69
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FICA taxes and Medicare taxes are withheld from WAGES. I am confused by your post.
Are you saying that 6.2% of your annuity payments are being withheld for FICA? And Medicare taxes are also being withheld?
Are you also having Federal Income Tax withheld from the annuity payments?