What is the FICA Tax and How Does It Work? - Ramsey

You may have noticed FICA taxes coming out of your paycheck, but what are they used for, and why do you have to pay them? Let’s talk about it.
If you work for an employer, you’ll see FICA taxes withheld from your paycheck. Let’s discuss how FICA taxes are used and how they affect your income and taxes each year.

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What is FICA tax?