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oldactor
Jan 19, 2008, 06:12 PM
Must I pay fiac taxes if I am 73 and a sole propriator

per14843
Jan 19, 2008, 06:27 PM
That I am aware you have to pay FICA taxes every year. There is a yearly amount and after that amount you do not need to pay any more for that year. It is your disability and kind of a retirement plan. They request all employers take it from your wages before you receive your net pay. I am not aware of a way to avoid it yet.

AtlantaTaxExpert
Jan 19, 2008, 10:39 PM
Already answered.