• The HR Specialist - Print Newsletter
  • HR Specialist: Employment Law
  • The HR Weekly

Severance pay is FICA taxable

05/02/2008

The U.S. Court of Appeals for the Federal Circuit has ruled that severance pay is considered taxable wages under the Federal Insurance Contributions Act (FICA). The decision in CSX Corporation v. United States means organizations must pay Social Security and Medicare taxes on severance payments ...

Login

To continue reading this page, become an
HR Specialist Premium Plus member today!

Your subscription includes:
  • checkmarkAsk the Attorney: Answers to your HR legal questions
  • checkmarkCompliance Guidance: Access to 7,000 HR news articles, updated daily, sorted by state
  • checkmarkState-by-State: Summaries of HR laws in all 50 states
  • checkmarkManager's Training Library: a treasure trove of printable training guides
  • checkmarkMemos to Managers for simple staff training
  • checkmarkThe Hiring Toolkit: Job descriptions, interview questions & exemption tests for 200+ positions
  • checkmarkWebinar of the Week: Train instantly with recent recordings
  • checkmarkSample Policies, Weekly Podcasts, Q&As and much, much more ...