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07-16-2015, 01:18 AM | #11 | ||
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Senior Member
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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? |
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07-16-2015, 09:41 AM | #12 | ||
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07-16-2015, 09:46 AM | #13 | ||
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I have checked, but that part I'm not sure, doesn't look like they will drop.
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07-16-2015, 10:59 AM | #14 | ||
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Senior Member
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Do you get a W-2 showing FICA withholdings each year?
If not, what type of form do you receive each year showing the amount of FICA that has been withheld? Do you get a 1099-R form? I am unaware of any "new" law that would collect and withhold FICA and Medicare taxes when there are NO wages. Could you please tell me what new law you are referring to in your response? I would really appreciate any enlightenment you can shed on this matter. |
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07-16-2015, 11:41 AM | #15 | ||
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