2006-12-05 12:50:23 · 5 answers · asked by It's me! 1 in Business & Finance ➔ Taxes ➔ United States
FICA tax is Social Security tax. No refund, unless you have overpaid the maximum.
Disability insurance is usually state, not federal. No refund.
Welcome to the working world, where your take-home pay is much less than your gross pay.
2006-12-05 12:57:18 · answer #1 · answered by fcas80 7 · 1⤊ 0⤋
No, the employer is required to deduct social security and medicare taxes, and you don't get a refund.
2006-12-05 12:56:15 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
You cannot get a refund on either of those.
Those funds ensure that if you ever become disabled or when you are old enough to retire that you will be eligible to collect social security payments.
Of course, the system has to still be in place when you are old enough or eligible to collect and my answer assumes that they will be.
2006-12-06 05:08:00 · answer #3 · answered by nova_queen_28 7 · 0⤊ 0⤋
you do every year that is what makes up your income tax return
2006-12-05 12:55:31 · answer #4 · answered by cubanitoloko23 3 · 0⤊ 2⤋
No, they are for insurance.
2006-12-05 12:56:11 · answer #5 · answered by ♥ Cassie ♥ 5 · 1⤊ 0⤋