Lori H

401k deductions subject to FUTA/SUTA?

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Lori H    0

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.

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J Simmons    4
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)).

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Don Levit    0

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

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