FICA Tax on Pay More Than $400K: Legislative Projections and Tax Planning Do’s and Don’ts

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Thursday, June 17, 2021
12:00 PM - 01:00 PM Eastern Daylight Time
11:00 AM - 12:00 PM Central Daylight Time
09:00 AM - 10:00 AM Pacific Daylight Time

With the support of the Biden Administration, legislation to shore up the Social Security system would increase FICA and SECA taxes by 12.4% for compensation more than $400K, will little likelihood of grandfather protections once introduced in Congress. With a special focus on equity compensation, bonus compensation, and other common forms of deferred compensation, this webinar will provide an overview of current FICA timing rules, projections on likelihood of enactment, and many planning recommendations to consider now.

CLE credit: CLE credit in CA, CT, FL, IL, NJ (via reciprocity), NY, PA, TX, and VA is currently pending approval.