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401k deductions subject to FUTA/SUTA?


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#1 Lori H

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Posted 07 April 2009 - 03:35 PM

are they? I know they are exempt from federal with holding but not from FICA. What about FUTA and SUTA? I don't think they are.

#2 J Simmons

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Posted 07 April 2009 - 07:54 PM

are they? I know they are exempt from federal with holding but not from FICA. What about FUTA and SUTA? I don't think they are.


Elective deferrals are included in FUTA wages (IRC 3306®(1)(A)) just as they are in FICA wages (IRC 31.3121(v)(1)(A)).
John Simmons
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#3 Don Levit

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Posted 07 April 2009 - 10:39 PM

I understand the reason that FICA must be paid is that the government does not want 401(k) dollars to reduce Social Security benefits.
Don Levit