I believe this is the case but I want to be sure. Federal tax credits can only offset federal income tax liabilities, correct? In other words, federal tax credits cannot offset FICA tax liabilities.
Thank you.
No----your federal tax credits do not affect or change the amounts you must pay toward Social Security and Medicare.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
