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What Does FICA Withholding Mean for Me?

See how many withholding allowances you should take to boost your 2011 tax refund—or your take-home pay. What is the FICA Withholding Limit? The income limit for Social Security tax is $106,800; this means that if you have a higher income than $106,800 you will only be taxed on the $106,800. This limit is the [...]

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