Personal Finance Advice and Commentary

Thursday, October 03, 2013 3:42 pm
By Kay Bell ·

One appeals court said FICA taxes are due on severance packages paid to laid-off workers. Another disagreed. Now the Supreme Court will decide.

Tuesday, January 01, 2013 1:00 am
By Kay Bell ·

The 6.2 percent payroll tax amount returned on Jan. 1, meaning that workers will see smaller paychecks in 2013.

Tuesday, September 11, 2012 4:45 pm
By Kay Bell ·

A court says severance pay isn’t subject to FICA taxes. That’s good news for laid off workers, but the final decision will probably come from the Supreme Court.