Are Students exempt from the FICA and Medicare Taxes?
The Internal Revenue Code provides an exemption from FICA and Medicare taxes for students paid by the colleges and universities in which they are enrolled. This exemption is mandatory and will apply to most undergraduate and graduate students employed by the UW. There are regulations that further define who is a student and eligible for the exemption from these taxes.
Related Questions
- As I understand the law, student stipends are exempt from FICA and Medicare taxes. If my university takes these taxes out of my stipend income, can these taxes be recovered in some way?
- Are students exempt from paying Social Security (OASI) and Medicare (OAHI) taxes?
- Are Students exempt from the FICA and Medicare Taxes?
