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Printable Form 1040 (Schedule H) Santa Clarita California: What You Should Know

Payments for the following social security and Medicare taxes are not subject to social security and Medicare withholding: Federal unemployment (FTA) tax, social security taxes, and Medicare taxes; however, tax must be withheld to comply with the federal laws; FTA Tax: Social Security taxes paid on wages and salaries that were subject to social security withholding may be excluded from income as a FTA tax credit; you may claim the federal FTA tax credit in the year you pay the cash wage; if you are filing a joint return, you may claim the FTA tax credit in the year of payment. You may exclude from income your share of the social security and Medicare tax you paid on wages paid to nonemployees. However, if your spouse dies and the remaining spouse qualifies for the social security exemption, then the income from any of the employment taxes withheld would not be subject to social security and Medicare coverage as a FTA tax credit. Medicare Tax: Medicare wages are subject to social security and Medicare taxes; however, tax must be withheld to comply with the federal laws. Example, The Social Security tax is withheld to comply with federal law (Medicare tax is not); when you paid cash wages to a household employee, the wages were not subject to social security and Medicare withholding. The income from the payroll and tax was exempt from social security and Medicare taxes and was not subject to FTA or Medicare tax reduction. The wage is subject to social security and Medicare taxes (including any FTA tax credit) provided that it was subject to social security withholding under the laws of the applicable social security area. You claim the FTA tax credit, provided that you pay all payroll taxes; or You claim FTA taxes and the payment of any payroll or tax for the employment tax, but the tax is not subject to social security and Medicare withholding. 2022 Federal Income Tax return — Department of the Treasury Social Security and Medicare taxes Social security is required to withhold tax on most employee compensation. If your wages were subject to social security withholding, that amount is generally included on your federal income tax return. To find out whether your Social Security taxes are taxable, you must contact your Social Security office. Social security withholding is required by federal law to be collected and paid to the Social Security Administration (SSA).

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