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Welcome to the Snell & Wilmer Benefits Blog. We will be posting about current employee benefits and executive compensation topics and issues. We invite you to contact the authors with your thoughts or questions.Blog Contributors
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Employers May Be Able to Exempt Severance Payments from FICA Tax under Quality Stores
The Supreme Court recently ruled in U.S. v. Quality Stores that severance paid to employees is considered wages for FICA purposes. Before the Court’s decision, there was little doubt that employer-provided severance was wages for income tax purposes, but lower … Continue reading
Posted in Employee Benefits
| Tagged FICA, severance, SUB payments, Supreme Court, U.S. v. Quality Stores
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