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Economy

Delmette2.0

(4,164 posts)

3. How will the IRS or the taxpayer know how much to identify for FICA

Reply to mahatmakanejeeves (Original post)

Wed Sep 2, 2020, 10:19 AM

Sep 2020

on the tax returns? Will the repayments REALLY go to the Social Security Trust? I don't think all the online tax return systems are prepared to add a line designated for FICA paybacks. I don't think even the paper forms could be reprinted in time.

I think all the extra repayments will go to the general fund and not SSA. Individuals will be screwed again by not having those payments credited to their Social Security account.

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3 replies

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Highlight:

Planned Payroll Tax Deferrals Create Minefield for Feds [View all] mahatmakanejeeves Sep 2020 OP

the ploy by trump to create generational voter war beachbumbob Sep 2020 #1

Never thought of it in that way RazzleCat Sep 2020 #2

How will the IRS or the taxpayer know how much to identify for FICA Delmette2.0 Sep 2020 #3