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

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.