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jgordosea, Enrolled Agent
Category: Tax
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Experience:  I've prepared all types of taxes since 1987.
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Are the 941 taxes deductible on taxes yearly

Resolved Question:

Are the 941 taxes deductible on taxes yearly
Submitted: 5 years ago.
Category: Tax
Expert:  jgordosea replied 5 years ago.



The amounts that are withheld from employees are not a deduction for the employer.


The amounts that the employer has to pay in addition to the withheld amounts are deductible by the employer.


For example, on $1000 of wages the employee has to pay $76.50 for FICA and Medicare.

When the 941 is filed the employer has to match and pay another $76.50.

The total paid with the 941 in this case is $153.00 and the employer deduction is $76.50.


Please ask if you need clarification.


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