Although some payroll deductions like IRS withholding may be refunded when you file your income tax return, there are others that don't come back to you. This is because the U.S. federal government uses some deductions to fund federal programs. The code Fed OASDI/EE on a paycheck indicates...
For a self-employed worker, a significant proportion of their paycheck goes towards Social Security Tax. However, self-employed workers can deduct half of the OASDI tax they’ve paid when they file their annual tax return. This brings self-employed workers’ total OASDI tax down to the same ...