• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Severance pay: Is it FICA taxable or not?

by on
in Office Management,Payroll Management

A federal appeals court has ruled that a bankrupt company’s severance payments qualified as FICA-free supplemental unemployment benefits—also known as SUB pay. Therefore, the court concluded, the company’s $1 million FICA refund claim was proper.

To access the entire library of Free Customizable Downloads, you must first register with your email address.

Registration gets you:
  • Free access to 125+ customizable HR Forms
  • Free access to job descriptions, interview questions and hiring checklists for 200 positions.
  • Free access to 18 special reports on HR and management topics.
  • Free weekly email newsletter on HR trends and management
  • Special discounts on our upcoming events
Email Address:

Leave a Comment